8 W 3rd StreetOdessaWA99159
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 8 W 3rd Street, Odessa, WA, 99159 in Odessa hard to pass up. The 11.07% gross yield on a $175,000 purchase results in $1,614/mo in rent and $562/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.05). Annual cash flow of $6,744, five-year appreciation of $48,349, and $1,612/yr in equity build-up combine for a projected total cumulative return of $102,393.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.2% |
| Monthly Cash Flow | $562 | $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 | $1,614 |
| Total Monthly Debt Service | $982 |
| DSCR Ratio | 1.64x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1900
7,322 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99159, Odessa, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 655 (100%) |
| Owner Occupied HU | 455 (69.5%) |
| Renter Occupied HU | 120 (18.3%) |
| Vacant Housing Units | 80 (12.2%) |
| Median Home Value | $254,808 |
| Average Home Value | $311,308 |
Housing Distribution
Address Breakdown
Residential
228
Single Family
227
Multi-Family
1
Businesses
65
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
Single Family
Built in 1900
7,322 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99159, Odessa, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 655 (100%) |
| Owner Occupied HU | 455 (69.5%) |
| Renter Occupied HU | 120 (18.3%) |
| Vacant Housing Units | 80 (12.2%) |
| Median Home Value | $254,808 |
| Average Home Value | $311,308 |
Housing Distribution
Address Breakdown
Residential
228
Single Family
227
Multi-Family
1
Businesses
65
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lizbeth Romero • Epique Realty
Mls Name: NWMLS
Mls ID: #2434116