873 1st AvenueOkanoganWA98840
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 873 1st Avenue, Okanogan, WA, 98840 in Okanogan worth study. Rental yield 4.96%. The 4.96% gross yield is below cash-flow benchmarks at $525,000, but 5% annual appreciation, adding $145,048 over five years, frames this as a capital growth position. Rent of $2,168/mo partially offsets the $2,361/mo payment. Ziffy Mortgage finances appreciation-play properties (0.92 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $135,088.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 5% | 6.2% |
| Monthly Cash Flow | $(987) | $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 | $2,168 |
| Total Monthly Debt Service | $2,947 |
| DSCR Ratio | 0.74x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1910
1.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98840, Okanogan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,375 (100%) |
| Owner Occupied HU | 1,430 (60.2%) |
| Renter Occupied HU | 713 (30.0%) |
| Vacant Housing Units | 232 ( 9.8%) |
| Median Home Value | $281,174 |
| Average Home Value | $353,199 |
Housing Distribution
Address Breakdown
Residential
1,360
Single Family
1,360
Multi-Family
0
Businesses
207
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 1910
1.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98840, Okanogan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,375 (100%) |
| Owner Occupied HU | 1,430 (60.2%) |
| Renter Occupied HU | 713 (30.0%) |
| Vacant Housing Units | 232 ( 9.8%) |
| Median Home Value | $281,174 |
| Average Home Value | $353,199 |
Housing Distribution
Address Breakdown
Residential
1,360
Single Family
1,360
Multi-Family
0
Businesses
207
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian C. Lowary • Windermere Omak
Mls Name: NWMLS
Mls ID: #2414788