1703 Tower RoadCastle 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 1703 Tower Road, Castle Rock, WA, 98611 generates $2,834/mo in rent, after a $3,128/mo payment. Total monthly income is $2,834/mo. Return on cash invested sits at 14.31% in year one, and rental yield is 5.32% on a $639,000 entry. Equity gained on principal adds $4,123/yr, while 5% annual appreciation builds toward $176,544 over five years. Five-year ROI reaches 72.55% and total cumulative return in cash sums $152,524. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,834/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
0.76 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: Darla M Gould • Coldwell Banker Bain
Mls Name: NWMLS
Mls ID: #2451638