420 E Houghton StPalouseWA99161
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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
Rental property for sale in Palouse at 420 E Houghton St, Palouse, WA, 99161 offers $1,982/mo rent that, after a $2,149/mo payment. Total monthly income is $1,982/mo. Return on cash invested measures 14.49% in year one, and rental yield stands at 5.42% at a $439,000 entry. Equity gained on principal adds $2,833/yr while 5% annual appreciation compounds into $121,288 by year five. Five-year ROI records 73.53% and total cumulative return in cash reaches $107,012. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,982/mo property income versus a $2,149/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99161, Palouse, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 690 (100%) |
| Owner Occupied HU | 528 (76.5%) |
| Renter Occupied HU | 107 (15.5%) |
| Vacant Housing Units | 55 ( 8.0%) |
| Median Home Value | $357,386 |
| Average Home Value | $377,775 |
Housing Distribution
Address Breakdown
Residential
450
Single Family
450
Multi-Family
0
Businesses
48
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Listed by: Katlyn Cloninger • Beasley Realty
Mls Name: PACMLS
Mls Provider:
Mls ID: #282244
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.