309 5th Avenue SEEphrataWA98823
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
Rental property for sale in Ephrata at 309 5th Avenue SE, Ephrata, WA, 98823 generates $1,578/mo in rent and, after a $1,077/mo payment, leaves $255/mo in cash flow. Total monthly income is $1,578/mo, and annual cash flow is $3,064/yr on $72,930 invested. Return on cash invested sits at 24.11% in year one, and rental yield is 8.61% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 125.18% and total cumulative return in cash sums $91,295. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,578/mo property income rather than buyer’s personal income.
Manufactured
Built in 1994
6,420 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98823, Ephrata, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,857 (100%) |
| Owner Occupied HU | 3,298 (67.9%) |
| Renter Occupied HU | 1,298 (26.7%) |
| Vacant Housing Units | 261 ( 5.4%) |
| Median Home Value | $350,062 |
| Average Home Value | $374,187 |
Housing Distribution
Address Breakdown
Residential
4,724
Single Family
4,603
Multi-Family
121
Businesses
453
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Listed by: Lisa Garmon • Sunset Real Estate
Mls Name: NWMLS
Mls ID: #2473508