705 Spruce StreetCoulee DamWA99116
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play705 Spruce Street, Coulee Dam, WA, 99116 in Coulee Dam is priced for appreciation, not yield. Rental yield 4.8%. At $390,000 with a 4.8% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $107,750 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.89) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $97,118.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 6.2% |
| Monthly Cash Flow | $(784) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,560 |
| Total Monthly Debt Service | $2,189 |
| DSCR Ratio | 0.71x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1935
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99116, Coulee Dam, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 741 (100%) |
| Owner Occupied HU | 490 (66.1%) |
| Renter Occupied HU | 200 (27.0%) |
| Vacant Housing Units | 51 ( 6.9%) |
| Median Home Value | $228,472 |
| Average Home Value | $256,342 |
Housing Distribution
Address Breakdown
Residential
579
Single Family
544
Multi-Family
35
Businesses
23
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
Multi Family
Built in 1935
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99116, Coulee Dam, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 741 (100%) |
| Owner Occupied HU | 490 (66.1%) |
| Renter Occupied HU | 200 (27.0%) |
| Vacant Housing Units | 51 ( 6.9%) |
| Median Home Value | $228,472 |
| Average Home Value | $256,342 |
Housing Distribution
Address Breakdown
Residential
579
Single Family
544
Multi-Family
35
Businesses
23
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shara Coffman • Coffman Properties
Mls Name: NWMLS
Mls ID: #2454936