73 E Shop Avenue #B1ChelanWA98816
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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 Chelan at 73 E Shop Avenue #B1, Chelan, WA, 98816 priced at $335,000 converts $2,154/mo rent into $140/mo cash flow after a $1,640/mo obligation. Total monthly income equals $2,154/mo, and annual cash flow totals $1,679/yr on $111,053 invested. Return on cash invested prints 21.42% in year one, and rental yield reads 7.72% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 110.7% and total cumulative return in cash sums $122,936. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,154/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98816, Chelan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,869 (100%) |
| Owner Occupied HU | 2,069 (42.5%) |
| Renter Occupied HU | 902 (18.5%) |
| Vacant Housing Units | 1,898 (39.0%) |
| Median Home Value | $632,368 |
| Average Home Value | $704,685 |
Housing Distribution
Address Breakdown
Residential
2,786
Single Family
2,785
Multi-Family
1
Businesses
411
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Listed by: Jeff T. Latham • Latham Realty Unlimited Inc
Mls Name: NWMLS
Mls ID: #2435898