306 W Hamilton AveFairfieldWA99012
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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 Fairfield at 306 W Hamilton Ave, Fairfield, WA, 99012 with 5% annual appreciation on a $335,000 basis while $2,057/mo rent supports operations. Total monthly income totals $2,057/mo and a $1,640/mo payment preserves $43/mo for cash returns. Annual cash flow comes to $515/yr on $111,053 deployed, and return on cash invested reaches 20.37% in year one. Equity gained on principal adds $2,162/yr, and five-year appreciation sums $92,554 alongside rental yield of 7.37%. Five-year ROI measures 105.09% and total cumulative return in cash totals $116,708.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,057/mo property income versus a $1,640/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1969
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99012, Fairfield, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 422 (100%) |
| Owner Occupied HU | 324 (76.8%) |
| Renter Occupied HU | 58 (13.7%) |
| Vacant Housing Units | 40 ( 9.5%) |
| Median Home Value | $467,273 |
| Average Home Value | $481,427 |
Housing Distribution
Address Breakdown
Residential
237
Single Family
237
Multi-Family
0
Businesses
26
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Listed by: Bambi Burrus • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls ID: #202523636