1015 Sequalish Street, Steilacoom, WA, 98388 | 6.44% Rental Yield

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1015 Sequalish Street, Steilacoom, WA, 98388 | 6.44% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Steilacoom at 1015 Sequalish Street, Steilacoom, WA, 98388 offers a 6.44% rental yield on a $765,000 purchase with $4,108/mo rent. 72% in year one. Equity gained on principal adds $4,936/yr while 5% annual appreciation supports $211,355 over five years. Portfolio math shows five-year ROI at 90.85% and total cumulative return in cash at $228,659. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,108/mo property income against a $3,744/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1976

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Located just blocks from the heart of historic downtown Steilacoom, this exceptional home offers not only a prime location but also a fully finished lower-level ADU perfect for rental income or multi-generational living. Enjoy peekaboo views of the Sound and vibrant western sunsets from the stunning two-story deck, opening onto the secluded backyard with mature trees. Inside, you'll find hardwood floors, large windows, two fireplaces, and a stunning updated kitchen designed for modern living. Central A/C, a two-car attached garage, and a spot in the highly regarded Steilacoom Historical School District round out the list of must-have features. A rare opportunity in one of the South Sounds most charming waterfront communities.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98388, Steilacoom, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,972 (100%)
Owner Occupied HU	1,923 (64.7%)
Renter Occupied HU	926 (31.2%)
Vacant Housing Units	123 ( 4.1%)
Median Home Value	$664,681
Average Home Value	$722,841