8403 W Red AveCheneyWA99004
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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
Investment property for sale in Cheney at 8403 W Red Ave, Cheney, WA, 99004 earns from $2,388/mo rent with a $2,080/mo payment. Total monthly income totals $2,388/mo. ROI tracks 18.1% on current figures, and rental yield reads 6.74% at a $424,900 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,392 over five years. Five-year ROI reaches 93.06% and total cumulative return in cash sums $131,073. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,388/mo property income instead of your personal income.
Single Family
Built in 2023
9,583 sqft lot
$N/A/sqft
$90 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99004, Cheney, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,338 (100%) |
| Owner Occupied HU | 5,243 (50.7%) |
| Renter Occupied HU | 4,217 (40.8%) |
| Vacant Housing Units | 878 ( 8.5%) |
| Median Home Value | $527,548 |
| Average Home Value | $629,273 |
Housing Distribution
Address Breakdown
Residential
9,380
Single Family
7,782
Multi-Family
1,598
Businesses
327
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Listed by: Douglas Juliano • John L Scott, Inc.
Mls Name: SMLS
Mls Provider:
Mls ID: #202520213
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.