16981 SE Rd 2Moses LakeWA98837
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder16981 SE Rd 2, Moses Lake, WA, 98837 in Moses Lake is a stable, well-positioned rental at $390,000. Rental yield 7.12%. DSCR 1.32 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $107,750 in value and $3,592/yr in principal paydown builds equity, a total projected return of $145,706.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 6.2% |
| Monthly Cash Flow | $(30) | $1,250 |
City averages based on Moses Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,315 |
| Total Monthly Debt Service | $2,189 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1951
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98837, Moses Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,399 (100%) |
| Owner Occupied HU | 11,735 (60.5%) |
| Renter Occupied HU | 6,484 (33.4%) |
| Vacant Housing Units | 1,180 ( 6.1%) |
| Median Home Value | $381,410 |
| Average Home Value | $439,001 |
Housing Distribution
Address Breakdown
Residential
18,244
Single Family
17,408
Multi-Family
836
Businesses
1,439
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
Single Family
Built in 1951
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98837, Moses Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,399 (100%) |
| Owner Occupied HU | 11,735 (60.5%) |
| Renter Occupied HU | 6,484 (33.4%) |
| Vacant Housing Units | 1,180 ( 6.1%) |
| Median Home Value | $381,410 |
| Average Home Value | $439,001 |
Housing Distribution
Address Breakdown
Residential
18,244
Single Family
17,408
Multi-Family
836
Businesses
1,439
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Miguel A Miranda III • eXp Realty
Mls Name: NWMLS
Mls ID: #2433546