21 SE Iris PlaceSheltonWA98584
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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 21 SE Iris Place, Shelton, WA, 98584 offers a 8.12% rental yield on a $370,000 purchase with $2,503/mo rent. Total monthly income registers $2,503/mo, and a $1,811/mo payment leaves $279/mo available for distribution. Annual cash flow reaches $3,346/yr on $122,655 to close, and return on cash invested stands at 22.64% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 117.23% and total cumulative return in cash at $143,789. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,503/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
0.25 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: Darin Holland • Richard Beckman Rlty Group LLC
Mls Name: NWMLS
Mls ID: #2408074