916 2nd StCheneyWA99004
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 916 2nd St, Cheney, WA, 99004 in Cheney worth study. Rental yield 4.94%. The 4.94% gross yield is below cash-flow benchmarks at $668,000, but 5% annual appreciation, adding $184,556 over five years, frames this as a capital growth position. Rent of $2,748/mo partially offsets the $3,004/mo payment. Ziffy Mortgage finances appreciation-play properties (0.91 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $171,246.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.9% | 6.2% |
| Monthly Cash Flow | $(1,267) | $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 | $2,748 |
| Total Monthly Debt Service | $3,750 |
| DSCR Ratio | 0.73x |
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.
Multi Family
Built in 2024
6,534 sqft lot
$N/A/sqft
No 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
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
Multi Family
Built in 2024
6,534 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Seth Maefsky • Keller Williams Realty Coeur d
Mls Name: SMLS
Mls Provider:
Mls ID: #202513436
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.