21 E North Lake DriveSheltonWA98584
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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 Shelton at 21 E North Lake Drive, Shelton, WA, 98584 priced at $299,950 pairs $2,542/mo rent with $739/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,542/mo, and annual cash flow comes to $8,869/yr on $99,433 invested. Return on cash invested is 28.83% in year one, and rental yield stands at 10.17% on a $299,950 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,871 by year five. Five-year ROI measures 150.48% and total cumulative return in cash reaches $149,624. For financing, Ziffy Mortgage’s DSCR program evaluates $2,542/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1974
0.29 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: Chris C. Nye • MLS4owners.com
Mls Name: NWMLS
Mls ID: #2424591