481 Mackinaw LaneChelanWA98816
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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 481 Mackinaw Lane, Chelan, WA, 98816 with 5% annual appreciation on a $975,000 basis while $4,587/mo rent supports operations. 3% in year one. Equity gained on principal adds $6,292/yr, and five-year appreciation sums $269,375 alongside rental yield of 5.65%. Five-year ROI measures 77.84% and total cumulative return in cash totals $249,699. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,587/mo property income versus a $4,772/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2017
3,484 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: John Gasper • Windermere RE/Lake Chelan
Mls Name: NWMLS
Mls ID: #2365390