502 N Mill StColfaxWA99111
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Colfax at 502 N Mill St, Colfax, WA, 99111 offers $2,875/mo rent that, after a $1,860/mo payment, leaves $591/mo cash flow. Total monthly income is $2,875/mo, and annual cash flow is $7,088/yr on $125,970 cash. Return on cash invested measures 25.54% in year one, and rental yield stands at 9.08% at a $380,000 entry. Equity gained on principal adds $2,452/yr while 5% annual appreciation compounds into $104,987 by year five. Five-year ROI records 132.79% and total cumulative return in cash reaches $167,281. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,875/mo property income versus a $1,860/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1912
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99111, Colfax, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,007 (100%) |
| Owner Occupied HU | 1,244 (62.0%) |
| Renter Occupied HU | 599 (29.8%) |
| Vacant Housing Units | 164 ( 8.2%) |
| Median Home Value | $297,552 |
| Average Home Value | $368,139 |
Housing Distribution
Address Breakdown
Residential
1,805
Single Family
1,639
Multi-Family
166
Businesses
249
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Listed by: Nicole Bond • The Experience Northwest
Mls Name: SMLS
Mls ID: #202522356