215 296th Street SRoyWA98580
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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 Roy at 215 296th Street S, Roy, WA, 98580 offers a 7.14% rental yield on a $485,000 purchase with $2,887/mo rent. 7% in year one. Equity gained on principal adds $3,130/yr while 5% annual appreciation supports $133,997 over five years. Portfolio math shows five-year ROI at 101.48% and total cumulative return in cash at $163,154. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,887/mo property income against a $2,374/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2003
3.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98580, Roy, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,641 (100%) |
| Owner Occupied HU | 3,675 (79.2%) |
| Renter Occupied HU | 585 (12.6%) |
| Vacant Housing Units | 381 ( 8.2%) |
| Median Home Value | $638,556 |
| Average Home Value | $730,560 |
Housing Distribution
Address Breakdown
Residential
3,447
Single Family
3,425
Multi-Family
22
Businesses
68
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Listed by: Michael Severeid • eXp Realty
Mls Name: NWMLS
Mls ID: #2412130