1014 S 234th PlaceDes MoinesWA98198
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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 Des Moines at 1014 S 234th Place, Des Moines, WA, 98198 generates $6,738/mo in rent and, after a $4,087/mo payment, leaves $1,719/mo in cash flow. Total monthly income is $6,738/mo, and annual cash flow is $20,623/yr on $274,715 invested. Return on cash invested sits at 27.57% in year one, and rental yield is 9.68% on a $835,000 entry. Equity gained on principal adds $5,388/yr, while 5% annual appreciation builds toward $230,695 over five years. Five-year ROI reaches 143.64% and total cumulative return in cash sums $394,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,738/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
8,498 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98198, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,551 (100%) |
| Owner Occupied HU | 7,940 (51.1%) |
| Renter Occupied HU | 6,643 (42.7%) |
| Vacant Housing Units | 968 ( 6.2%) |
| Median Home Value | $668,434 |
| Average Home Value | $799,850 |
Housing Distribution
Address Breakdown
Residential
14,886
Single Family
8,936
Multi-Family
5,950
Businesses
818
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Listed by: Candice Frazier • Best Choice Realty LLC
Mls Name: NWMLS
Mls ID: #2425967