715 Locust StreetOmakWA98841
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 Omak at 715 Locust Street, Omak, WA, 98841 listed at $899,000 pairs $1,601/mo rent with a $4,400/mo payment. Total monthly income runs $1,601/mo. Return on cash invested measures 4.63% in year one, and rental yield registers 2.14% at a $899,000 basis. Equity gained on principal adds $5,801/yr, and annual property appreciation at 5% supports $248,377 by year five. Five-year ROI tracks 20.65% and total cumulative return in cash totals $61,090. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,601/mo property income relative to a $4,400/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98841, Omak, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,001 (100%) |
| Owner Occupied HU | 2,515 (62.9%) |
| Renter Occupied HU | 1,148 (28.7%) |
| Vacant Housing Units | 338 ( 8.4%) |
| Median Home Value | $368,091 |
| Average Home Value | $461,387 |
Housing Distribution
Address Breakdown
Residential
2,507
Single Family
2,375
Multi-Family
132
Businesses
337
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Listed by: Nelly Some • Nesco Realty Group
Mls Name: NWMLS
Mls ID: #2392927