509 Ellice AvenueMattawaWA99349
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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
Investment property for sale in Mattawa at 509 Ellice Avenue, Mattawa, WA, 99349 uses $117,675 cash to close to unlock $4,471/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $2,506/mo, and a $1,737/mo payment keeps the spread at $373/mo. Purchase price stands at $354,978, and rental yield measures 8.47% with $2,506/mo rent. Return on cash invested shows 23.71% in year one, and 5% annual appreciation builds toward $98,074 over five years. Five-year ROI reaches 122.99% and total cumulative return in cash records $144,725. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,506/mo property income covering a $1,737/mo payment rather than investor’s personal income.
Single Family
Built in 2025
7,339 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99349, Mattawa, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,651 (100%) |
| Owner Occupied HU | 1,152 (43.5%) |
| Renter Occupied HU | 1,027 (38.7%) |
| Vacant Housing Units | 472 (17.8%) |
| Median Home Value | $433,333 |
| Average Home Value | $443,500 |
Housing Distribution
Address Breakdown
Residential
2,374
Single Family
2,374
Multi-Family
0
Businesses
120
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Listed by: Arturo Vela • Nest Realty Company
Mls Name: NWMLS
Mls ID: #2445637