606 Spruce StreetCoulee DamWA99116
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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 Coulee Dam at 606 Spruce Street, Coulee Dam, WA, 99116 priced at $235,500 converts $1,346/mo rent into after a $1,153/mo obligation. Total monthly income equals $1,346/mo. Return on cash invested prints 18.83% in year one, and rental yield reads 6.86% against a $235,500 entry. Equity gained on principal adds $1,520/yr, while 5% annual appreciation compiles into $65,064 by year five. Five-year ROI reaches 96.91% and total cumulative return in cash sums $75,653. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,346/mo property income covering a $1,153/mo payment, not borrower’s personal income.
Single Family
Built in 1935
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99116, Coulee Dam, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 741 (100%) |
| Owner Occupied HU | 490 (66.1%) |
| Renter Occupied HU | 200 (27.0%) |
| Vacant Housing Units | 51 ( 6.9%) |
| Median Home Value | $228,472 |
| Average Home Value | $256,342 |
Housing Distribution
Address Breakdown
Residential
579
Single Family
544
Multi-Family
35
Businesses
23
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Listed by: Alexa Cox-West • HomeSmart
Mls Name: NWMLS
Mls ID: #2460480