1600 W Star Lake DriveElmaWA98541
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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 Elma at 1600 W Star Lake Drive, Elma, WA, 98541 generates $1,430/mo in rent, after a $1,346/mo payment. Total monthly income is $1,430/mo. Return on cash invested sits at 16.97% in year one, and rental yield is 6.24% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 86.85% and total cumulative return in cash sums $79,175. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,430/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98541, Elma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,884 (100%) |
| Owner Occupied HU | 3,333 (68.2%) |
| Renter Occupied HU | 1,067 (21.8%) |
| Vacant Housing Units | 484 ( 9.9%) |
| Median Home Value | $446,082 |
| Average Home Value | $471,424 |
Housing Distribution
Address Breakdown
Residential
3,681
Single Family
3,576
Multi-Family
105
Businesses
258
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Listed by: Shana L. Burden • Keller Williams West Sound
Mls Name: NWMLS
Mls ID: #2459510