38 Miller RoadOmakWA98841
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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
Investment property for sale in Omak at 38 Miller Road, Omak, WA, 98841 with 5% annual appreciation on a $357,000 basis while $2,311/mo rent supports operations. Total monthly income totals $2,311/mo and a $1,747/mo payment preserves $165/mo for cash returns. Annual cash flow comes to $1,984/yr on $118,346 deployed, and return on cash invested reaches 21.59% in year one. Equity gained on principal adds $2,304/yr, and five-year appreciation sums $98,633 alongside rental yield of 7.77%. Five-year ROI measures 111.62% and total cumulative return in cash totals $132,100.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,311/mo property income versus a $1,747/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
2.32 Acres 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
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Listed by: Summer Olson • RE/MAX Welcome Home
Mls Name: NWMLS
Mls ID: #2373057