1704 S 2nd StreetSheltonWA98584
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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
Investment property for sale in Shelton at 1704 S 2nd Street, Shelton, WA, 98584 uses $182,595 cash to close to unlock $1,203/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $3,436/mo, and a $2,716/mo payment keeps the spread at $100/mo. Purchase price stands at $555,000, and rental yield measures 7.43% with $3,436/mo rent. Return on cash invested shows 20.72% in year one, and 5% annual appreciation builds toward $153,336 over five years. Five-year ROI reaches 106.94% and total cumulative return in cash records $195,260. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,436/mo property income covering a $2,716/mo payment rather than investor’s personal income.
Single Family
Built in 1970
1.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98584, Shelton, WA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
15,359
Single Family
15,021
Multi-Family
338
Businesses
1,016
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Listed by: Michelle Sparks • RE/MAX Parkside Affiliates
Mls Name: NWMLS
Mls ID: #2424880