315 W Apple AvenueOmakWA98841
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 Omak at 315 W Apple Avenue, Omak, WA, 98841 generates $1,542/mo in rent and, after a $808/mo payment, leaves $550/mo in cash flow. Total monthly income is $1,542/mo, and annual cash flow is $6,597/yr on $54,698 invested. Return on cash invested sits at 31.97% in year one, and rental yield is 11.21% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 167.3% and total cumulative return in cash sums $91,511. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,542/mo property income rather than buyer’s personal income.
Manufactured
Built in 1998
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98841, Omak, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,001 (100%) |
| Owner Occupied HU | 2,515 (62.9%) |
| Renter Occupied HU | 1,148 (28.7%) |
| Vacant Housing Units | 338 ( 8.4%) |
| Median Home Value | $368,091 |
| Average Home Value | $461,387 |
Housing Distribution
Address Breakdown
Residential
2,507
Single Family
2,375
Multi-Family
132
Businesses
337
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristine Gaffney • Kelly Right RE of Seattle LLC
Mls Name: NWMLS
Mls ID: #2415532