508 N 3rd St EChewelahWA99109
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
Investment property for sale in Chewelah at 508 N 3rd St E, Chewelah, WA, 99109 at $460,000 posts ROI 20.36% with $57/mo cash flow from $2,822/mo rent. Total monthly income equals $2,822/mo, and annual cash flow records $688/yr on $152,490 to close. Return on cash invested measures 20.36% and rental yield reads 7.36% at the current $460,000. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,090 by year five. Five-year ROI prints 105.04% and total cumulative return in cash totals $160,177.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,822/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1922
0.82 Acres 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: Bardwell Real Estate Team • RE/MAX SELECT ASSOCIATES
Mls Name: Northeast Washington AOR
Mls ID: #44577