44 Nickles RoadOkanoganWA98840
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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 Okanogan at 44 Nickles Road, Okanogan, WA, 98840 priced at $359,000 converts $2,216/mo rent into $58/mo cash flow after a $1,757/mo obligation. Total monthly income equals $2,216/mo, and annual cash flow totals $697/yr on $119,009 invested. Return on cash invested prints 20.5% in year one, and rental yield reads 7.41% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. Five-year ROI reaches 105.79% and total cumulative return in cash sums $125,899. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,216/mo property income covering a $1,757/mo payment, not borrower’s personal income.
Manufactured
Built in 1978
4.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98840, Okanogan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,375 (100%) |
| Owner Occupied HU | 1,430 (60.2%) |
| Renter Occupied HU | 713 (30.0%) |
| Vacant Housing Units | 232 ( 9.8%) |
| Median Home Value | $281,174 |
| Average Home Value | $353,199 |
Housing Distribution
Address Breakdown
Residential
1,360
Single Family
1,360
Multi-Family
0
Businesses
207
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Listed by: Lynsey Cantlon • Keller Williams Realty Spokane
Mls Name: NWMLS
Mls ID: #2456713