490 Morrison Canyon Lane, Cle Elum, WA, 98922 | $800/mo Cash Flow

For Sale

Fix & Flip

Airbnb Potential

Listed for sale 3 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Cle Elum at 490 Morrison Canyon Lane, Cle Elum, WA, 98922 priced at $220,000 pairs $2,123/mo rent with $800/mo cash flow after a $1,077/mo payment. Total monthly income equals $2,123/mo, and annual cash flow comes to $9,604/yr on $72,930 invested. Return on cash invested is 33.08% in year one, and rental yield stands at 11.58% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 173.26% and total cumulative return in cash reaches $126,359. For financing, Ziffy Mortgage’s DSCR program evaluates $2,123/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1971

0.53 Acres lot

$N/A/sqft

No HOA

More details about the property

Bring your imagination & vision to this cute and cozy fixer-upper nestled on two lots in the desirable Sunlight Waters community. With beautiful views & a peaceful setting, this property offers an exciting opportunity for a weekend getaway, vacation rental, or long-term investment. Whether you choose to update & enjoy it yourself or transform it into an income-producing retreat, the potential here is undeniable. Owners enjoy access to the clubhouse, community pool, & the two picturesque Twin Lakes, making it a sought-after destination for relaxing weekends, water activities, and outdoor recreation. With room to improve & expand this is your chance to create a charming escape or a smart investment in the desirable recreational community.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98922, Cle Elum, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,345 (100%)
Owner Occupied HU	2,945 (46.4%)
Renter Occupied HU	647 (10.2%)
Vacant Housing Units	2,753 (43.4%)
Median Home Value	$715,221
Average Home Value	$803,774