23227 Highway 20OkanoganWA98840
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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
Rental property for sale in Okanogan at 23227 Highway 20, Okanogan, WA, 98840 generates $2,767/mo in rent and, after a $2,080/mo payment, leaves $212/mo in cash flow. Total monthly income is $2,767/mo, and annual cash flow is $2,549/yr on $140,888 invested. Return on cash invested sits at 21.72% in year one, and rental yield is 7.81% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 112.32% and total cumulative return in cash sums $158,249. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,767/mo property income rather than buyer’s personal income.
Manufactured
Built in 2006
2.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98840, Okanogan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,375 (100%) |
| Owner Occupied HU | 1,430 (60.2%) |
| Renter Occupied HU | 713 (30.0%) |
| Vacant Housing Units | 232 ( 9.8%) |
| Median Home Value | $281,174 |
| Average Home Value | $353,199 |
Housing Distribution
Address Breakdown
Residential
1,360
Single Family
1,360
Multi-Family
0
Businesses
207
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Listed by: Kristine Gaffney • Kelly Right RE of Seattle LLC
Mls Name: NWMLS
Mls ID: #2458071