614 E Southview AveColfaxWA99111
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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 Colfax at 614 E Southview Ave, Colfax, WA, 99111 with 5% annual appreciation on a $190,000 basis while $1,566/mo rent supports operations. Total monthly income totals $1,566/mo and a $930/mo payment preserves $424/mo for cash returns. Annual cash flow comes to $5,086/yr on $62,985 deployed, and return on cash invested reaches 27.98% in year one. Equity gained on principal adds $1,226/yr, and five-year appreciation sums $52,494 alongside rental yield of 9.89%. Five-year ROI measures 145.92% and total cumulative return in cash totals $91,908.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,566/mo property income versus a $930/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99111, Colfax, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,007 (100%) |
| Owner Occupied HU | 1,244 (62.0%) |
| Renter Occupied HU | 599 (29.8%) |
| Vacant Housing Units | 164 ( 8.2%) |
| Median Home Value | $297,552 |
| Average Home Value | $368,139 |
Housing Distribution
Address Breakdown
Residential
1,805
Single Family
1,639
Multi-Family
166
Businesses
249
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Listed by: Eric Burnett • KW Palouse
Mls Name: PACMLS
Mls Provider:
Mls ID: #283189
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.