312 W Second StreetCle ElumWA98922
Nearby investment properties with comparable rents
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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
Rental property for sale in Cle Elum at 312 W Second Street, Cle Elum, WA, 98922 offers $2,556/mo rent that, after a $2,545/mo payment. Total monthly income is $2,556/mo. Return on cash invested measures 16.06% in year one, and rental yield stands at 5.9% at a $519,950 entry. Equity gained on principal adds $3,355/yr while 5% annual appreciation compounds into $143,653 by year five. Five-year ROI records 81.97% and total cumulative return in cash reaches $140,215. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,556/mo property income versus a $2,545/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98922, Cle Elum, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,345 (100%) |
| Owner Occupied HU | 2,945 (46.4%) |
| Renter Occupied HU | 647 (10.2%) |
| Vacant Housing Units | 2,753 (43.4%) |
| Median Home Value | $715,221 |
| Average Home Value | $803,774 |
Housing Distribution
Address Breakdown
Residential
3,907
Single Family
3,816
Multi-Family
91
Businesses
340
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Listed by: Michelle Santa • COMPASS
Mls Name: NWMLS
Mls ID: #2405694