704 E Woodin AvenueChelanWA98816
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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 Chelan at 704 E Woodin Avenue, Chelan, WA, 98816 listed at $650,000 pairs $2,539/mo rent with a $3,181/mo payment. Total monthly income runs $2,539/mo. Return on cash invested measures 12.38% in year one, and rental yield registers 4.69% at a $650,000 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,583 by year five. Five-year ROI tracks 62.24% and total cumulative return in cash totals $133,106. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,539/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98816, Chelan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,869 (100%) |
| Owner Occupied HU | 2,069 (42.5%) |
| Renter Occupied HU | 902 (18.5%) |
| Vacant Housing Units | 1,898 (39.0%) |
| Median Home Value | $632,368 |
| Average Home Value | $704,685 |
Housing Distribution
Address Breakdown
Residential
2,786
Single Family
2,785
Multi-Family
1
Businesses
411
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Listed by: Jennifer Roberts • Windermere RE/Lake Chelan
Mls Name: NWMLS
Mls ID: #2456573