310 E Houghton StPalouseWA99161
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
Investment property for sale in Palouse at 310 E Houghton St, Palouse, WA, 99161 offers a 10.33% rental yield on a $229,900 purchase with $1,980/mo rent. Total monthly income registers $1,980/mo, and a $1,125/mo payment leaves $598/mo available for distribution. Annual cash flow reaches $7,179/yr on $76,212 to close, and return on cash invested stands at 29.33% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 153.16% and total cumulative return in cash at $116,723. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,980/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99161, Palouse, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 690 (100%) |
| Owner Occupied HU | 528 (76.5%) |
| Renter Occupied HU | 107 (15.5%) |
| Vacant Housing Units | 55 ( 8.0%) |
| Median Home Value | $357,386 |
| Average Home Value | $377,775 |
Housing Distribution
Address Breakdown
Residential
450
Single Family
450
Multi-Family
0
Businesses
48
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Listed by: Tyler LaVoie • KW Palouse
Mls Name: PACMLS
Mls ID: #283894