162 Geneva LaneCastle RockWA98611
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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 Castle Rock at 162 Geneva Lane, Castle Rock, WA, 98611 priced at $469,999 converts $2,164/mo rent into after a $2,300/mo obligation. Total monthly income equals $2,164/mo. Return on cash invested prints 14.82% in year one, and rental yield reads 5.53% against a $469,999 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation compiles into $129,852 by year five. Five-year ROI reaches 75.33% and total cumulative return in cash sums $117,369. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,164/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Manufactured
Built in 2018
2 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
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Listed by: Anastacia Gill • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2452710