2402 Annie Place Block LOT 12-3CheneyWA99004
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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 Cheney at 2402 Annie Place Block LOT 12-3, Cheney, WA, 99004 offers a 5.64% rental yield on a $584,990 purchase with $2,748/mo rent. 27% in year one. Equity gained on principal adds $3,775/yr while 5% annual appreciation supports $161,622 over five years. Portfolio math shows five-year ROI at 77.7% and total cumulative return in cash at $149,535. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,748/mo property income against a $2,863/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99004, Cheney, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,338 (100%) |
| Owner Occupied HU | 5,243 (50.7%) |
| Renter Occupied HU | 4,217 (40.8%) |
| Vacant Housing Units | 878 ( 8.5%) |
| Median Home Value | $527,548 |
| Average Home Value | $629,273 |
Housing Distribution
Address Breakdown
Residential
9,380
Single Family
7,782
Multi-Family
1,598
Businesses
327
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Listed by: Audrey Soukup • New Home Star Washington, LLC
Mls Name: SMLS
Mls ID: #202611019