308 W Steptoe AveOakesdaleWA99158
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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 Oakesdale at 308 W Steptoe Ave, Oakesdale, WA, 99158 listed at $249,000 pairs $1,586/mo rent with a $1,219/mo payment to leave $89/mo cash flow. Total monthly income runs $1,586/mo, and annual cash flow reaches $1,067/yr on $82,544 cash to close. Return on cash invested measures 21.2% in year one, and rental yield registers 7.64% at a $249,000 basis. Equity gained on principal adds $1,607/yr, and annual property appreciation at 5% supports $68,794 by year five. Five-year ROI tracks 109.54% and total cumulative return in cash totals $90,416. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,586/mo property income relative to a $1,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99158, Oakesdale, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 266 (100%) |
| Owner Occupied HU | 203 (76.3%) |
| Renter Occupied HU | 41 (15.4%) |
| Vacant Housing Units | 22 ( 8.3%) |
| Median Home Value | $358,571 |
| Average Home Value | $414,052 |
Housing Distribution
Address Breakdown
Residential
144
Single Family
144
Multi-Family
0
Businesses
31
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Listed by: Jayci Cocking • Woodbridge Real Estate
Mls Name: PACMLS
Mls Provider:
Mls ID: #285302
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.