10318 Morris BoulevardSteilacoomWA98388
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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
Investment property for sale in Steilacoom at 10318 Morris Boulevard, Steilacoom, WA, 98388 uses $116,025 cash to close to unlock $14,162/yr annual cash flow and $1,180/mo monthly cash flow. Total monthly income runs $3,284/mo, and a $1,713/mo payment keeps the spread at $1,180/mo. Purchase price stands at $350,000, and rental yield measures 11.26% with $3,284/mo rent. Return on cash invested shows 32.12% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 168.09% and total cumulative return in cash records $195,026. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,284/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.62 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,850
Single Family
2,366
Multi-Family
484
Businesses
113
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Listed by: Gayle Sammons • John L Scott RE West Seattle
Mls Name: NWMLS
Mls ID: #2443717