31 Summit Lake RdTonasketWA98855
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 Tonasket at 31 Summit Lake Rd, Tonasket, WA, 98855 offers $1,957/mo rent that, after a $1,615/mo payment. Total monthly income is $1,957/mo. Return on cash invested measures 19.62% in year one, and rental yield stands at 7.12% at a $329,900 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,145 by year five. Five-year ROI records 101.06% and total cumulative return in cash reaches $110,523. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,957/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
9.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98855, Tonasket, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,467 (100%) |
| Owner Occupied HU | 2,012 (58.0%) |
| Renter Occupied HU | 689 (19.9%) |
| Vacant Housing Units | 766 (22.1%) |
| Median Home Value | $321,330 |
| Average Home Value | $368,659 |
Housing Distribution
Address Breakdown
Residential
2,229
Single Family
2,179
Multi-Family
50
Businesses
204
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Nearby investment properties with comparable prices
Listed by: Darren Wise • Windermere Omak
Mls Name: NWMLS
Mls ID: #2423256