73 E Shop Avenue #C7ChelanWA98816
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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 #C7, Chelan, WA, 98816 offers $2,154/mo rent that, after a $1,224/mo payment, leaves $651/mo cash flow. Total monthly income is $2,154/mo, and annual cash flow is $7,810/yr on $82,875 cash. Return on cash invested measures 29.33% in year one, and rental yield stands at 10.34% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 153.13% and total cumulative return in cash reaches $126,910. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,154/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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: #2379239