1347 W Franklin Street, Shelton, WA, 98584 | $987/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1347 W Franklin Street, Shelton, WA, 98584 | $987/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1600 sft

1507 W Highland Road, Shelton, WA, 98584

3 Bed
2 Bath
1120 sft

681 W Shelton Valley Road, Shelton, WA, 98584

3 Bed
2 Bath
1755 sft

291 W Berry Ridge Road, Shelton, WA, 98584

3 Bed
2 Bath
1568 sft

10 Marissa Lane, McCleary, WA, 98557

Nearby investment properties with comparable prices

2 Bed
2 Bath
1392 sft

467 E Mommsen Street, McCleary, WA, 98557

Airbnb Potential+ 2 more

1 Bed
1 Bath
744 sft

135 Homestead Lane, Elma, WA, 98541

2 Bed
1 Bath
1120 sft

453 W Hicklin Rd, McCleary, WA, 98557

2 Bed
1 Bath
780 sft

324 W Oak Street, McCleary, WA, 98557

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Shelton at 1347 W Franklin Street, Shelton, WA, 98584 offers a 10.8% rental yield on a $329,900 purchase with $2,970/mo rent. Total monthly income registers $2,970/mo, and a $1,615/mo payment leaves $987/mo available for distribution. Annual cash flow reaches $11,839/yr on $109,362 to close, and return on cash invested stands at 30.73% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 160.68% and total cumulative return in cash at $175,719. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,970/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2022

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Almost new and very move in ready home in downtown Shelton, which backs public land, with some privacy. Close to schools, parks, shopping, and the hospital. Wide open floorplan with two living areas connected to the kitchen with stainless steel appliances and a peninsula/breakfast bar. Beautiful cabinetry. Walk-in pantry! Two bedrooms off the family room with large primary on the other side of the home. Primary has a luxury bathroom attached with double sinks and a huge walk-in shower-plus a walk-in closet. Back door opens to the laundry/utility room. High ceilings give it a much bigger feel. Security system stays with the home. It's hard to find a home like this so close to everything at an affordable price.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98584, Shelton, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,936 (100%)
Owner Occupied HU	12,036 (67.1%)
Renter Occupied HU	3,532 (19.7%)
Vacant Housing Units	2,368 (13.2%)
Median Home Value	$462,070
Average Home Value	$497,220