338 6th Ave SWEphrataWA98823
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 338 6th Ave SW, Ephrata, WA, 98823 offers $1,656/mo rent that, after a $1,189/mo payment, leaves $196/mo cash flow. Total monthly income is $1,656/mo, and annual cash flow is $2,348/yr on $80,555 cash. Return on cash invested measures 22.82% in year one, and rental yield stands at 8.18% at a $243,000 entry. Equity gained on principal adds $1,568/yr while 5% annual appreciation compounds into $67,136 by year five. Five-year ROI records 118.25% and total cumulative return in cash reaches $95,252. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,656/mo property income versus a $1,189/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5,749 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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Nearby investment properties with comparable prices
Listed by: Daja Mayfield • WindermereRE/Central Basin LLC
Mls Name: NWMLS
Mls Provider:
Mls ID: #2348769
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)