1251 S 230th StreetDes 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 1251 S 230th Street, Des Moines, WA, 98198 generates $3,097/mo in rent, after a $2,814/mo payment. Total monthly income is $3,097/mo. Return on cash invested sits at 17.78% in year one, and rental yield is 6.46% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 91.17% and total cumulative return in cash sums $172,463. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,097/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.72 Acres 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: Danylle Guerrero • KW Lake Washington So
Mls Name: NWMLS
Mls ID: #2443099