505 W Court AveChewelahWA99109
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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 Chewelah at 505 W Court Ave, Chewelah, WA, 99109 offers $2,024/mo rent that, after a $1,711/mo payment. Total monthly income is $2,024/mo. Return on cash invested measures 19.11% in year one, and rental yield stands at 6.95% at a $349,500 entry. Equity gained on principal adds $2,255/yr while 5% annual appreciation compounds into $96,560 by year five. Five-year ROI records 98.32% and total cumulative return in cash reaches $113,917. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,024/mo property income versus a $1,711/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99109, Chewelah, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,665 (100%) |
| Owner Occupied HU | 1,779 (66.8%) |
| Renter Occupied HU | 613 (23.0%) |
| Vacant Housing Units | 273 (10.2%) |
| Median Home Value | $359,125 |
| Average Home Value | $428,259 |
Housing Distribution
Address Breakdown
Residential
2,027
Single Family
1,949
Multi-Family
78
Businesses
164
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Listed by: SHERYL HOXIE • WINDERMERE COUNTRYSIDE-CHEWELAH
Mls Name: Northeast Washington AOR
Mls ID: #44661
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.