1344 Theo WayRock IslandWA98850
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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 Rock Island at 1344 Theo Way, Rock Island, WA, 98850 uses $145,827 cash to close to unlock $2,733/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $2,872/mo, and a $2,153/mo payment keeps the spread at $228/mo. Purchase price stands at $439,900, and rental yield measures 7.83% with $2,872/mo rent. Return on cash invested shows 21.78% in year one, and 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 112.66% and total cumulative return in cash records $164,295. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,872/mo property income covering a $2,153/mo payment rather than investor’s personal income.
Single Family
Built in 2021
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98850, Rock Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 903 (100%) |
| Owner Occupied HU | 574 (63.6%) |
| Renter Occupied HU | 201 (22.3%) |
| Vacant Housing Units | 128 (14.2%) |
| Median Home Value | $424,490 |
| Average Home Value | $478,580 |
Housing Distribution
Address Breakdown
Residential
581
Single Family
581
Multi-Family
0
Businesses
34
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Listed by: Erika Rodriguez • ER Properties
Mls Name: NWMLS
Mls ID: #2464833