703 Washington StDavenportWA99122
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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
Rental property for sale in Davenport at 703 Washington St, Davenport, WA, 99122 priced at $550,000 pairs $1,014/mo rent with after a $2,692/mo payment. Total monthly income equals $1,014/mo. Return on cash invested is 4.86% in year one, and rental yield stands at 2.21% on a $550,000 basis. Equity gained on principal adds $3,549/yr, and 5% annual appreciation accumulates to $151,955 by year five. Five-year ROI measures 21.86% and total cumulative return in cash reaches $39,562. For financing, Ziffy Mortgage’s DSCR program evaluates $1,014/mo property income against a $2,692/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99122, Davenport, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,353 (100%) |
| Owner Occupied HU | 1,394 (59.2%) |
| Renter Occupied HU | 315 (13.4%) |
| Vacant Housing Units | 644 (27.4%) |
| Median Home Value | $365,152 |
| Average Home Value | $409,127 |
Housing Distribution
Address Breakdown
Residential
1,536
Single Family
1,516
Multi-Family
20
Businesses
169
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Listed by: Michele Ohge • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls ID: #202610954