5816 N Canal RdNewman LakeWA99025
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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 Newman Lake at 5816 N Canal Rd, Newman Lake, WA, 99025 offers a 7.32% rental yield on a $435,000 purchase with $2,652/mo rent. Total monthly income registers $2,652/mo, and a $2,129/mo payment leaves $37/mo available for distribution. Annual cash flow reaches $447/yr on $144,203 to close, and return on cash invested stands at 20.22% in year one. Equity gained on principal adds $2,807/yr while 5% annual appreciation supports $120,182 over five years. Portfolio math shows five-year ROI at 104.29% and total cumulative return in cash at $150,384. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,652/mo property income against a $2,129/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99025, Newman Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,330 (100%) |
| Owner Occupied HU | 1,807 (77.6%) |
| Renter Occupied HU | 124 ( 5.3%) |
| Vacant Housing Units | 399 (17.1%) |
| Median Home Value | $644,142 |
| Average Home Value | $741,000 |
Housing Distribution
Address Breakdown
Residential
1,722
Single Family
1,722
Multi-Family
0
Businesses
100
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Listed by: Jodi Wells • eXp Realty, LLC
Mls Name: SMLS
Mls ID: #202521549