404 S 3rd StreetChelanWA98816
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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 Chelan at 404 S 3rd Street, Chelan, WA, 98816 earns from $3,234/mo rent with a $4,381/mo payment. Total monthly income totals $3,234/mo. ROI tracks 11.31% on current figures, and rental yield reads 4.34% at a $895,000 purchase. Equity gained on principal adds $5,775/yr, and 5% annual appreciation supports $247,272 over five years. Five-year ROI reaches 56.48% and total cumulative return in cash sums $166,298. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,234/mo property income instead of your personal income.
Multi Family
Built in 1960
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98816, Chelan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,869 (100%) |
| Owner Occupied HU | 2,069 (42.5%) |
| Renter Occupied HU | 902 (18.5%) |
| Vacant Housing Units | 1,898 (39.0%) |
| Median Home Value | $632,368 |
| Average Home Value | $704,685 |
Housing Distribution
Address Breakdown
Residential
2,786
Single Family
2,785
Multi-Family
1
Businesses
411
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Listed by: Guy Evans • Guy Evans Lake Chelan Real Est
Mls Name: NWMLS
Mls ID: #2428172