604 N 3rd St EChewelahWA99109
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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 604 N 3rd St E, Chewelah, WA, 99109 priced at $389,900 converts $2,718/mo rent into $375/mo cash flow after a $1,908/mo obligation. Total monthly income equals $2,718/mo, and annual cash flow totals $4,495/yr on $129,252 invested. Return on cash invested prints 23.39% in year one, and rental yield reads 8.37% against a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,722 by year five. Five-year ROI reaches 121.26% and total cumulative return in cash sums $156,733. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,718/mo property income covering a $1,908/mo payment, not borrower’s personal income.
Single Family
Built in 1906
0.43 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: Stepheney Lane • RE/MAX Four Seasons
Mls Name: Northeast Washington AOR
Mls ID: #44920
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.