816 Castle AvenueWinthropWA98862
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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 Winthrop at 816 Castle Avenue, Winthrop, WA, 98862 priced at $495,000 converts $1,622/mo rent into after a $2,423/mo obligation. Total monthly income equals $1,622/mo. Return on cash invested prints 10.01% in year one, and rental yield reads 3.93% against a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation compiles into $136,759 by year five. Five-year ROI reaches 49.54% and total cumulative return in cash sums $81,286. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,622/mo property income covering a $2,423/mo payment, not borrower’s personal income.
Single Family
Built in 2007
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98862, Winthrop, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,070 (100%) |
| Owner Occupied HU | 1,053 (50.9%) |
| Renter Occupied HU | 227 (11.0%) |
| Vacant Housing Units | 790 (38.2%) |
| Median Home Value | $670,405 |
| Average Home Value | $751,852 |
Housing Distribution
Address Breakdown
Residential
761
Single Family
761
Multi-Family
0
Businesses
192
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Nearby investment properties with comparable prices
Listed by: Brian L. Colin • Mountain to River Realty LLC
Mls Name: NWMLS
Mls ID: #2431937