615 N Homestead DrLiberty LakeWA99019
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 Liberty Lake at 615 N Homestead Dr, Liberty Lake, WA, 99019 priced at $624,700 converts $4,798/mo rent into $1,042/mo cash flow after a $3,058/mo obligation. Total monthly income equals $4,798/mo, and annual cash flow totals $12,509/yr on $205,526 invested. Return on cash invested prints 26.15% in year one, and rental yield reads 9.22% against a $624,700 entry. Equity gained on principal adds $4,031/yr, while 5% annual appreciation compiles into $172,593 by year five. Five-year ROI reaches 136.04% and total cumulative return in cash sums $279,591. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,798/mo property income covering a $3,058/mo payment, not borrower’s personal income.
Single Family
Built in 2001
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99019, Liberty Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,972 (100%) |
| Owner Occupied HU | 4,128 (69.1%) |
| Renter Occupied HU | 1,574 (26.4%) |
| Vacant Housing Units | 270 ( 4.5%) |
| Median Home Value | $641,088 |
| Average Home Value | $707,045 |
Housing Distribution
Address Breakdown
Residential
5,776
Single Family
5,138
Multi-Family
638
Businesses
522
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Listed by: Pam Fredrick • John L Scott, Spokane Valley
Mls Name: SMLS
Mls ID: #202523967