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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Shelton at 161 E Connemara Way, Shelton, WA, 98584 offers $3,289/mo rent that, after a $2,344/mo payment, leaves $282/mo cash flow. Total monthly income is $3,289/mo, and annual cash flow is $3,385/yr on $158,789 cash. Return on cash invested measures 22.04% in year one, and rental yield stands at 8.24% at a $479,000 entry. Equity gained on principal adds $3,091/yr while 5% annual appreciation compounds into $132,339 by year five. Five-year ROI records 114.41% and total cumulative return in cash reaches $181,671. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,289/mo property income versus a $2,344/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.46 Acres lot
$N/A/sqft
$128 monthly HOA
Neighborhood data shown for ZIP Code: 98584, Shelton, WA area.
| 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 |
Residential
15,359
Single Family
15,021
Multi-Family
338
Businesses
1,016
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Listed for sale | $479,000 |
| 2014-11-13 | Sold | $125,000 |
| 2014-07-03 | Price change | $118,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-31 | $3882.68 | -8.37% | $471,985 | 30.41% |
| 2022-05-31 | $4237.40 | 18.81% | $361,920 | 13.27% |
| 2021-05-31 | $3566.47 | 4.29% | $319,520 | 19.60% |
Listed by: Robin Birkland • RE/MAX Top Executives
Mls Name: NWMLS
Mls Provider:
Mls ID: #2383039
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
