647 3rd AvenueOkanoganWA98840
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 647 3rd Avenue, Okanogan, WA, 98840 in Okanogan hard to pass up. The 10.56% gross yield on a $259,900 purchase results in $2,287/mo in rent and $725/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.96). Annual cash flow of $8,699, five-year appreciation of $71,806, and $2,394/yr in equity build-up combine for a projected total cumulative return of $144,972.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.2% |
| Monthly Cash Flow | $725 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,287 |
| Total Monthly Debt Service | $1,459 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
4,791 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
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
Single Family
Built in 1948
4,791 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: N/A • N/A
Mls Name: NWMLS as distributed by MLS GRID
Mls ID: #2496676