647 3rd Avenue NOkanoganWA98840
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
Investment property for sale in Okanogan at 647 3rd Avenue N, Okanogan, WA, 98840 uses $102,765 cash to close to unlock $3,106/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $2,122/mo, and a $1,517/mo payment keeps the spread at $259/mo. Purchase price stands at $310,000, and rental yield measures 8.21% with $2,122/mo rent. Return on cash invested shows 22.93% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 118.81% and total cumulative return in cash records $122,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,122/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1948
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98840, Okanogan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,375 (100%) |
| Owner Occupied HU | 1,430 (60.2%) |
| Renter Occupied HU | 713 (30.0%) |
| Vacant Housing Units | 232 ( 9.8%) |
| Median Home Value | $281,174 |
| Average Home Value | $353,199 |
Housing Distribution
Address Breakdown
Residential
1,360
Single Family
1,360
Multi-Family
0
Businesses
207
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian C. Lowary • Windermere Omak
Mls Name: NWMLS
Mls ID: #2435701