24820 E Cordoba RdNewman LakeWA99025
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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 Newman Lake at 24820 E Cordoba Rd, Newman Lake, WA, 99025 listed at $432,900 pairs $2,306/mo rent with a $2,119/mo payment. Total monthly income runs $2,306/mo. Return on cash invested measures 17.43% in year one, and rental yield registers 6.39% at a $432,900 basis. Equity gained on principal adds $2,793/yr, and annual property appreciation at 5% supports $119,602 by year five. Five-year ROI tracks 89.32% and total cumulative return in cash totals $128,185. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,306/mo property income relative to a $2,119/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99025, Newman Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,330 (100%) |
| Owner Occupied HU | 1,807 (77.6%) |
| Renter Occupied HU | 124 ( 5.3%) |
| Vacant Housing Units | 399 (17.1%) |
| Median Home Value | $644,142 |
| Average Home Value | $741,000 |
Housing Distribution
Address Breakdown
Residential
1,722
Single Family
1,722
Multi-Family
0
Businesses
100
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Listed by: Rick Harter • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls Provider:
Mls ID: #202514947
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.