24008 E Railroad AveOtis OrchardsWA99027
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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
Investment property for sale in Otis Orchards at 24008 E Railroad Ave, Otis Orchards, WA, 99027 listed at $495,000 pairs $1,908/mo rent with a $2,423/mo payment. Total monthly income runs $1,908/mo. Return on cash invested measures 12.1% in year one, and rental yield registers 4.63% at a $495,000 basis. Equity gained on principal adds $3,194/yr, and annual property appreciation at 5% supports $136,759 by year five. Five-year ROI tracks 60.75% and total cumulative return in cash totals $99,682. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,908/mo property income relative to a $2,423/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99027, Otis Orchards, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,825 (100%) |
| Owner Occupied HU | 2,507 (88.7%) |
| Renter Occupied HU | 248 ( 8.8%) |
| Vacant Housing Units | 70 ( 2.5%) |
| Median Home Value | $483,763 |
| Average Home Value | $525,365 |
Housing Distribution
Address Breakdown
Residential
2,597
Single Family
2,597
Multi-Family
0
Businesses
149
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Listed by: Robin Deruwe • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls Provider:
Mls ID: #202519398
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.