145 Timberline Dr DriveCastle RockWA98611
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
Investment Highlights
Rental property for sale in Castle Rock at 145 Timberline Dr Drive, Castle Rock, WA, 98611 offers $2,022/mo rent that, after a $2,251/mo payment. Total monthly income is $2,022/mo. Return on cash invested measures 14.06% in year one, and rental yield stands at 5.27% at a $460,000 entry. Equity gained on principal adds $2,968/yr while 5% annual appreciation compounds into $127,090 by year five. Five-year ROI records 71.28% and total cumulative return in cash reaches $108,697. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,022/mo property income versus a $2,251/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1989
2.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98611, Castle Rock, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,323 (100%) |
| Owner Occupied HU | 3,452 (79.9%) |
| Renter Occupied HU | 610 (14.1%) |
| Vacant Housing Units | 261 ( 6.0%) |
| Median Home Value | $467,354 |
| Average Home Value | $502,413 |
Housing Distribution
Address Breakdown
Residential
3,772
Single Family
3,748
Multi-Family
24
Businesses
203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie Girvin • Coldwell Banker Bain
Mls Name: NWMLS
Mls ID: #2412611