807 7th Avenue NEEphrataWA98823
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 Ephrata at 807 7th Avenue NE, Ephrata, WA, 98823 uses $148,844 cash to close to unlock $3,487/yr annual cash flow and $291/mo monthly cash flow. Total monthly income runs $2,990/mo, and a $2,198/mo payment keeps the spread at $291/mo. Purchase price stands at $449,000, and rental yield measures 7.99% with $2,990/mo rent. Return on cash invested shows 22.25% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 115.18% and total cumulative return in cash records $171,436. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,990/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Single Family
Built in 2013
7,169 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98823, Ephrata, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,857 (100%) |
| Owner Occupied HU | 3,298 (67.9%) |
| Renter Occupied HU | 1,298 (26.7%) |
| Vacant Housing Units | 261 ( 5.4%) |
| Median Home Value | $350,062 |
| Average Home Value | $374,187 |
Housing Distribution
Address Breakdown
Residential
4,724
Single Family
4,603
Multi-Family
121
Businesses
453
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Listed by: Debra Adams • WindermereRE/Central Basin LLC
Mls Name: NWMLS
Mls ID: #2453728