409 N 2nd StFairfieldWA99012
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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 Fairfield at 409 N 2nd St, Fairfield, WA, 99012 uses $127,627 cash to close to unlock $1,969/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $2,478/mo, and a $1,884/mo payment keeps the spread at $164/mo. Purchase price stands at $384,999, and rental yield measures 7.72% with $2,478/mo rent. Return on cash invested shows 21.45% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 110.91% and total cumulative return in cash records $141,550. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,478/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1946
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99012, Fairfield, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 422 (100%) |
| Owner Occupied HU | 324 (76.8%) |
| Renter Occupied HU | 58 (13.7%) |
| Vacant Housing Units | 40 ( 9.5%) |
| Median Home Value | $467,273 |
| Average Home Value | $481,427 |
Housing Distribution
Address Breakdown
Residential
237
Single Family
237
Multi-Family
0
Businesses
26
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Listed by: Bambi Burrus • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls ID: #202517951