818 W 3rd StNewportWA99156
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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 Newport at 818 W 3rd St, Newport, WA, 99156 generates $2,381/mo in rent and, after a $1,738/mo payment, leaves $247/mo in cash flow. Total monthly income is $2,381/mo, and annual cash flow is $2,959/yr on $117,683 invested. Return on cash invested sits at 22.42% in year one, and rental yield is 8.05% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 116.1% and total cumulative return in cash sums $136,632. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,381/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99156, Newport, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,995 (100%) |
| Owner Occupied HU | 2,913 (58.3%) |
| Renter Occupied HU | 805 (16.1%) |
| Vacant Housing Units | 1,277 (25.6%) |
| Median Home Value | $471,257 |
| Average Home Value | $500,637 |
Housing Distribution
Address Breakdown
Residential
3,215
Single Family
3,055
Multi-Family
160
Businesses
280
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Listed by: James Madsen • eXp Realty, LLC Branch
Mls Name: SMLS
Mls ID: #202522124