238 E Street NEEphrataWA98823
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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
Rental property for sale in Ephrata at 238 E Street NE, Ephrata, WA, 98823 priced at $299,000 pairs $2,262/mo rent with $465/mo cash flow after a $1,463/mo payment. Total monthly income equals $2,262/mo, and annual cash flow comes to $5,581/yr on $99,119 invested. Return on cash invested is 25.54% in year one, and rental yield stands at 9.08% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 132.84% and total cumulative return in cash reaches $131,674. For financing, Ziffy Mortgage’s DSCR program evaluates $2,262/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98823, Ephrata, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,857 (100%) |
| Owner Occupied HU | 3,298 (67.9%) |
| Renter Occupied HU | 1,298 (26.7%) |
| Vacant Housing Units | 261 ( 5.4%) |
| Median Home Value | $350,062 |
| Average Home Value | $374,187 |
Housing Distribution
Address Breakdown
Residential
4,724
Single Family
4,603
Multi-Family
121
Businesses
453
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Listed by: Scott Adams • WindermereRE/Central Basin LLC
Mls Name: NWMLS
Mls ID: #2453035