308 McInnis StIoneWA99139
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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 Ione at 308 McInnis St, Ione, WA, 99139 uses $82,709 cash to close to unlock $317/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $1,526/mo, and a $1,221/mo payment keeps the spread at $26/mo. Purchase price stands at $249,500, and rental yield measures 7.34% with $1,526/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $68,932 over five years. Five-year ROI reaches 104.69% and total cumulative return in cash records $86,589. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,526/mo property income covering a $1,221/mo payment rather than investor’s personal income.
Single Family
Built in 2005
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99139, Ione, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 683 (100%) |
| Owner Occupied HU | 403 (59.0%) |
| Renter Occupied HU | 96 (14.1%) |
| Vacant Housing Units | 184 (26.9%) |
| Median Home Value | $360,638 |
| Average Home Value | $511,563 |
Housing Distribution
Address Breakdown
Residential
173
Single Family
173
Multi-Family
0
Businesses
44
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Listed by: Pollianna Dickinson-Jones • EXIT Real Estate Professionals
Mls Name: SMLS
Mls Provider:
Mls ID: #202521619
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.