6625 N Long Lake DrNine Mile FallsWA99026
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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 Nine Mile Falls at 6625 N Long Lake Dr, Nine Mile Falls, WA, 99026 offers a 1.62% rental yield on a $1,799,500 purchase with $2,425/mo rent. 1% in year one. Equity gained on principal adds $11,612/yr while 5% annual appreciation supports $497,169 over five years. Portfolio math shows five-year ROI at 12.35% and total cumulative return in cash at $72,010. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,425/mo property income against a $8,808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99026, Nine Mile Falls, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,001 (100%) |
| Owner Occupied HU | 3,595 (89.9%) |
| Renter Occupied HU | 266 ( 6.6%) |
| Vacant Housing Units | 140 ( 3.5%) |
| Median Home Value | $530,482 |
| Average Home Value | $568,047 |
Housing Distribution
Address Breakdown
Residential
3,663
Single Family
3,663
Multi-Family
0
Businesses
147
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Listed by: Jared Urbick • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls ID: #202611098