404 W Fir StNewportWA99156
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 404 W Fir St, Newport, WA, 99156 in Newport: $2,854/mo in rent, $1,470/mo net, 14.89% gross yield, all on a $229,900 acquisition. The 2.76 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $63,517 in value, and $2,117/yr in principal paydown steadily builds equity. Projected total cumulative return: $181,681.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 14.9% | 6.2% |
| Monthly Cash Flow | $1,470 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,854 |
| Total Monthly Debt Service | $1,292 |
| DSCR Ratio | 2.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1968
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99156, Newport, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,995 (100%) |
| Owner Occupied HU | 2,913 (58.3%) |
| Renter Occupied HU | 805 (16.1%) |
| Vacant Housing Units | 1,277 (25.6%) |
| Median Home Value | $471,257 |
| Average Home Value | $500,637 |
Housing Distribution
Address Breakdown
Residential
3,215
Single Family
3,055
Multi-Family
160
Businesses
280
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
Single Family
Built in 1968
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99156, Newport, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,995 (100%) |
| Owner Occupied HU | 2,913 (58.3%) |
| Renter Occupied HU | 805 (16.1%) |
| Vacant Housing Units | 1,277 (25.6%) |
| Median Home Value | $471,257 |
| Average Home Value | $500,637 |
Housing Distribution
Address Breakdown
Residential
3,215
Single Family
3,055
Multi-Family
160
Businesses
280
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices