2662 N Allenby LnLiberty LakeWA99019
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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 Liberty Lake at 2662 N Allenby Ln, Liberty Lake, WA, 99019 priced at $494,000 converts $2,880/mo rent into after a $2,418/mo obligation. Total monthly income equals $2,880/mo. Return on cash invested prints 19.25% in year one, and rental yield reads 7% against a $494,000 entry. Equity gained on principal adds $3,188/yr, while 5% annual appreciation compiles into $136,483 by year five. Five-year ROI reaches 99.1% and total cumulative return in cash sums $162,284. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $2,418/mo payment, not borrower’s personal income.
Single Family
Built in 2024
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99019, Liberty Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,972 (100%) |
| Owner Occupied HU | 4,128 (69.1%) |
| Renter Occupied HU | 1,574 (26.4%) |
| Vacant Housing Units | 270 ( 4.5%) |
| Median Home Value | $641,088 |
| Average Home Value | $707,045 |
Housing Distribution
Address Breakdown
Residential
5,776
Single Family
5,138
Multi-Family
638
Businesses
522
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Listed by: Kristi Green • Greenstone Real Estate, LLC
Mls Name: SMLS
Mls ID: #202522252