22308 11th Ave SDes MoinesWA98198
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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 Des Moines at 22308 11th Ave S, Des Moines, WA, 98198 generates $3,770/mo in rent, after a $4,250/mo payment. Total monthly income is $3,770/mo. Return on cash invested sits at 13.97% in year one, and rental yield is 5.21% on a $868,300 entry. Equity gained on principal adds $5,603/yr, while 5% annual appreciation builds toward $239,895 over five years. Five-year ROI reaches 70.74% and total cumulative return in cash sums $202,075. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,770/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A 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 |
Housing Distribution
Address Breakdown
Residential
14,886
Single Family
8,936
Multi-Family
5,950
Businesses
818
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A