23216 E Morris RdNewman LakeWA99025
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Newman Lake at 23216 E Morris Rd, Newman Lake, WA, 99025 earns from $4,837/mo rent with a $4,650/mo payment. Total monthly income totals $4,837/mo. ROI tracks 16.71% on current figures, and rental yield reads 6.11% at a $950,000 purchase. Equity gained on principal adds $6,130/yr, and 5% annual appreciation supports $262,467 over five years. Five-year ROI reaches 85.4% and total cumulative return in cash sums $266,930. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,837/mo property income instead of your personal income.
Single Family
Built in 2002
5.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99025, Newman Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,330 (100%) |
| Owner Occupied HU | 1,807 (77.6%) |
| Renter Occupied HU | 124 ( 5.3%) |
| Vacant Housing Units | 399 (17.1%) |
| Median Home Value | $644,142 |
| Average Home Value | $741,000 |
Housing Distribution
Address Breakdown
Residential
1,722
Single Family
1,722
Multi-Family
0
Businesses
100
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Listed by: Tracey Tindall • The Experience Northwest
Mls Name: SMLS
Mls ID: #202518406