705 E Mt Adams StreetOthelloWA99344
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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 Othello at 705 E Mt Adams Street, Othello, WA, 99344 priced at $423,000 converts $2,868/mo rent into $326/mo cash flow after a $2,070/mo obligation. Total monthly income equals $2,868/mo, and annual cash flow totals $3,908/yr on $140,225 invested. Return on cash invested prints 22.7% in year one, and rental yield reads 8.14% against a $423,000 entry. Equity gained on principal adds $2,730/yr, while 5% annual appreciation compiles into $116,867 by year five. Five-year ROI reaches 117.55% and total cumulative return in cash sums $164,833. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,868/mo property income covering a $2,070/mo payment, not borrower’s personal income.
Single Family
Built in 2020
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99344, Othello, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,983 (100%) |
| Owner Occupied HU | 3,504 (58.6%) |
| Renter Occupied HU | 2,056 (34.4%) |
| Vacant Housing Units | 423 ( 7.1%) |
| Median Home Value | $296,239 |
| Average Home Value | $321,831 |
Housing Distribution
Address Breakdown
Residential
5,627
Single Family
5,237
Multi-Family
390
Businesses
449
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Listed by: Brian Gentry • RE/MAX Northwest
Mls Name: NWMLS
Mls ID: #2454303