1839 S 246th Place, Des Moines, WA, 98198 | 6.36% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $3,114/mo, and a $2,875/mo payment. Purchase price stands at $587,400, and rental yield measures 6.36% with $3,114/mo rent. Return on cash invested shows 17.47% in year one, and 5% annual appreciation builds toward $162,288 over five years. Five-year ROI reaches 89.52% and total cumulative return in cash records $173,008. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,114/mo property income covering a $2,875/mo payment rather than investor’s personal income.

Single Family

Built in 1962

8,041 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 98198, Seattle, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,551 (100%)
Owner Occupied HU	7,940 (51.1%)
Renter Occupied HU	6,643 (42.7%)
Vacant Housing Units	968 ( 6.2%)
Median Home Value	$668,434
Average Home Value	$799,850