490 Morrison Canyon LaneCle ElumWA98922
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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 Cle Elum at 490 Morrison Canyon Lane, Cle Elum, WA, 98922 priced at $220,000 pairs $1,949/mo rent with $626/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,949/mo, and annual cash flow comes to $7,516/yr on $72,930 invested. Return on cash invested is 30.21% in year one, and rental yield stands at 10.63% 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 157.93% and total cumulative return in cash reaches $115,175. For financing, Ziffy Mortgage’s DSCR program evaluates $1,949/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
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 |
Housing Distribution
Address Breakdown
Residential
3,907
Single Family
3,816
Multi-Family
91
Businesses
340
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Listed by: Tracy Larsen • Larsen Properties Realty, LLC
Mls Name: NWMLS
Mls ID: #2460720