709 S Mill StColfaxWA99111
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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 Colfax at 709 S Mill St, Colfax, WA, 99111 with 5% annual appreciation on a $359,900 basis while $2,364/mo rent supports operations. Total monthly income totals $2,364/mo and a $1,762/mo payment preserves $200/mo for cash returns. Annual cash flow comes to $2,401/yr on $119,307 deployed, and return on cash invested reaches 21.92% in year one. Equity gained on principal adds $2,322/yr, and five-year appreciation sums $99,434 alongside rental yield of 7.88%. Five-year ROI measures 113.44% and total cumulative return in cash totals $135,338.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,364/mo property income versus a $1,762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1949
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99111, Colfax, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,007 (100%) |
| Owner Occupied HU | 1,244 (62.0%) |
| Renter Occupied HU | 599 (29.8%) |
| Vacant Housing Units | 164 ( 8.2%) |
| Median Home Value | $297,552 |
| Average Home Value | $368,139 |
Housing Distribution
Address Breakdown
Residential
1,805
Single Family
1,639
Multi-Family
166
Businesses
249
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Listed by: Salome Strickler • Woodbridge Real Estate
Mls Name: PACMLS
Mls ID: #288396