704 S Spokane AveNewportWA99156
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 Newport at 704 S Spokane Ave, Newport, WA, 99156 at $239,950 posts ROI 34.27% with $952/mo cash flow from $2,394/mo rent. Total monthly income equals $2,394/mo, and annual cash flow records $11,425/yr on $79,543 to close. Return on cash invested measures 34.27% and rental yield reads 11.97% at the current $239,950. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,294 by year five. Five-year ROI prints 179.69% and total cumulative return in cash totals $142,931.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,394/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1980
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99156, Newport, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,995 (100%) |
| Owner Occupied HU | 2,913 (58.3%) |
| Renter Occupied HU | 805 (16.1%) |
| Vacant Housing Units | 1,277 (25.6%) |
| Median Home Value | $471,257 |
| Average Home Value | $500,637 |
Housing Distribution
Address Breakdown
Residential
3,215
Single Family
3,055
Multi-Family
160
Businesses
280
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Listed by: Kimberly Allen • Keller Williams Spokane - Main
Mls Name: SMLS
Mls ID: #202526107