519 Locust StreetOmakWA98841
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 Omak at 519 Locust Street, Omak, WA, 98841 priced at $320,000 converts $2,588/mo rent into $665/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,588/mo, and annual cash flow totals $7,976/yr on $106,080 invested. Return on cash invested prints 27.43% in year one, and rental yield reads 9.71% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 142.93% and total cumulative return in cash sums $151,623. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,588/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1946
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98841, Omak, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,001 (100%) |
| Owner Occupied HU | 2,515 (62.9%) |
| Renter Occupied HU | 1,148 (28.7%) |
| Vacant Housing Units | 338 ( 8.4%) |
| Median Home Value | $368,091 |
| Average Home Value | $461,387 |
Housing Distribution
Address Breakdown
Residential
2,507
Single Family
2,375
Multi-Family
132
Businesses
337
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Sackman • CB Cascade - Winthrop
Mls Name: NWMLS
Mls ID: #2435852