242 SE 5th AvenueSoap LakeWA98851
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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 Soap Lake at 242 SE 5th Avenue, Soap Lake, WA, 98851 generates $821/mo in rent and, after a $534/mo payment, leaves $165/mo in cash flow. Total monthly income is $821/mo, and annual cash flow is $1,983/yr on $36,134 invested. Return on cash invested sits at 25.4% in year one, and rental yield is 9.04% on a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 132.14% and total cumulative return in cash sums $47,746. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $821/mo property income rather than buyer’s personal income.
Manufactured
Built in 1975
5,283 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98851, Soap Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,270 (100%) |
| Owner Occupied HU | 1,438 (63.3%) |
| Renter Occupied HU | 606 (26.7%) |
| Vacant Housing Units | 226 ( 10.0%) |
| Median Home Value | $327,536 |
| Average Home Value | $362,531 |
Housing Distribution
Address Breakdown
Residential
949
Single Family
949
Multi-Family
0
Businesses
65
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Listed by: Natalie L. Westbrook • CB Cascade - Wenatchee
Mls Name: NWMLS
Mls ID: #2419042