3891 Sullivan Lake RdIoneWA99139
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 Ione at 3891 Sullivan Lake Rd, Ione, WA, 99139 generates $1,451/mo in rent, after a $1,346/mo payment. Total monthly income is $1,451/mo. Return on cash invested sits at 17.25% in year one, and rental yield is 6.33% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 88.34% and total cumulative return in cash sums $80,531. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,451/mo property income rather than buyer’s personal income.
Manufactured
Built in 2004
2.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99139, Ione, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 683 (100%) |
| Owner Occupied HU | 403 (59.0%) |
| Renter Occupied HU | 96 (14.1%) |
| Vacant Housing Units | 184 (26.9%) |
| Median Home Value | $360,638 |
| Average Home Value | $511,563 |
Housing Distribution
Address Breakdown
Residential
173
Single Family
173
Multi-Family
0
Businesses
44
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pollianna Dickinson-Jones • EXIT Real Estate Professionals
Mls Name: SMLS
Mls Provider:
Mls ID: #202514934
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.