24888 US Hwy 97ChelanWA98816
Nearby investment properties with comparable rents
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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 Chelan at 24888 US Hwy 97, Chelan, WA, 98816 generates $1,178/mo in rent, after a $6,216/mo payment. Total monthly income is $1,178/mo. Return on cash invested sits at 1.54% in year one, and rental yield is 1.11% on a $1,270,000 entry. Equity gained on principal adds $8,195/yr, while 5% annual appreciation builds toward $350,878 over five years. Five-year ROI reaches 4.01% and total cumulative return in cash sums $16,493. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,178/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
4.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98816, Chelan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,869 (100%) |
| Owner Occupied HU | 2,069 (42.5%) |
| Renter Occupied HU | 902 (18.5%) |
| Vacant Housing Units | 1,898 (39.0%) |
| Median Home Value | $632,368 |
| Average Home Value | $704,685 |
Housing Distribution
Address Breakdown
Residential
2,786
Single Family
2,785
Multi-Family
1
Businesses
411
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Listed by: Leann McCamey • Nick McLean Real Estate Group
Mls Name: NWMLS
Mls ID: #2412921