12 Rhoades StreetSouth BendWA98586
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 12 Rhoades Street, South Bend, WA, 98586 in South Bend. Priced at $260,000, it generates $2,214/mo in gross rent and $651/mo in net monthly cash flow, a 10.22% yield that comfortably supports the 1.89 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,813. Five-year appreciation: $71,833. Equity from principal paydown: $2,395/yr. Total projected cumulative return: $140,313.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.2% |
| Monthly Cash Flow | $651 | $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 | $2,214 |
| Total Monthly Debt Service | $1,459 |
| DSCR Ratio | 1.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1940
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98586, South Bend, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,127 (100%) |
| Owner Occupied HU | 712 (63.2%) |
| Renter Occupied HU | 250 (22.2%) |
| Vacant Housing Units | 165 (14.6%) |
| Median Home Value | $302,618 |
| Average Home Value | $313,799 |
Housing Distribution
Address Breakdown
Residential
182
Single Family
182
Multi-Family
0
Businesses
108
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
Single Family
Built in 1940
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98586, South Bend, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,127 (100%) |
| Owner Occupied HU | 712 (63.2%) |
| Renter Occupied HU | 250 (22.2%) |
| Vacant Housing Units | 165 (14.6%) |
| Median Home Value | $302,618 |
| Average Home Value | $313,799 |
Housing Distribution
Address Breakdown
Residential
182
Single Family
182
Multi-Family
0
Businesses
108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melanie Seiler • Keller Williams South Sound
Mls Name: NWMLS
Mls Provider:
Mls ID: #2414086
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-29 21:04:19 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)