216 E Tanglewood DriveMoses LakeWA98837
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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 Moses Lake at 216 E Tanglewood Drive, Moses Lake, WA, 98837 offers $3,433/mo rent that, after a $2,570/mo payment, leaves $277/mo cash flow. Total monthly income is $3,433/mo, and annual cash flow is $3,321/yr on $172,725 cash. Return on cash invested measures 21.98% in year one, and rental yield stands at 7.85% at a $525,000 entry. Equity gained on principal adds $3,388/yr while 5% annual appreciation compounds into $145,048 by year five. Five-year ROI records 113.69% and total cumulative return in cash reaches $196,377. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,433/mo property income versus a $2,570/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98837, Moses Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,399 (100%) |
| Owner Occupied HU | 11,735 (60.5%) |
| Renter Occupied HU | 6,484 (33.4%) |
| Vacant Housing Units | 1,180 ( 6.1%) |
| Median Home Value | $381,410 |
| Average Home Value | $439,001 |
Housing Distribution
Address Breakdown
Residential
18,244
Single Family
17,408
Multi-Family
836
Businesses
1,439
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Listed by: Julie Peterson • Keller Williams Realty Spokane
Mls Name: NWMLS
Mls ID: #2422477