1004 W Virginia StreetMoses LakeWA98837
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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 Moses Lake at 1004 W Virginia Street, Moses Lake, WA, 98837 priced at $365,000 converts $2,170/mo rent into after a $1,786/mo obligation. Total monthly income equals $2,170/mo. Return on cash invested prints 19.68% in year one, and rental yield reads 7.13% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 101.37% and total cumulative return in cash sums $122,659. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,170/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 2023
5,941 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98837, Moses Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,399 (100%) |
| Owner Occupied HU | 11,735 (60.5%) |
| Renter Occupied HU | 6,484 (33.4%) |
| Vacant Housing Units | 1,180 ( 6.1%) |
| Median Home Value | $381,410 |
| Average Home Value | $439,001 |
Housing Distribution
Address Breakdown
Residential
18,244
Single Family
17,408
Multi-Family
836
Businesses
1,439
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Listed by: Tatyana Reynolds • Keller Williams Columbia Basin
Mls Name: NWMLS
Mls ID: #2464444