24912 E Heather LnNewman LakeWA99025
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 24912 E Heather Ln, Newman Lake, WA, 99025 uses $124,976 cash to close to unlock $6,268/yr annual cash flow and $522/mo monthly cash flow. Total monthly income runs $2,875/mo, and a $1,845/mo payment keeps the spread at $522/mo. Purchase price stands at $377,000, and rental yield measures 9.15% with $2,875/mo rent. Return on cash invested shows 24.92% in year one, and 5% annual appreciation builds toward $104,158 over five years. Five-year ROI reaches 129.83% and total cumulative return in cash records $162,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,875/mo property income covering a $1,845/mo payment rather than investor’s personal income.
Single Family
Built in 1949
0.40 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandon Marchand • Keller Williams Spokane - Main
Mls Name: SMLS
Mls Provider:
Mls ID: #202520945
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.