22315 6th Avenue S #A109Des 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
Investment property for sale in Des Moines at 22315 6th Avenue S #A109, Des Moines, WA, 98198 listed at $649,950 pairs $4,367/mo rent with a $3,181/mo payment to leave $460/mo cash flow. Total monthly income runs $4,367/mo, and annual cash flow reaches $5,523/yr on $213,834 cash to close. Return on cash invested measures 22.64% in year one, and rental yield registers 8.06% at a $649,950 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,569 by year five. Five-year ROI tracks 117.25% and total cumulative return in cash totals $250,714. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,367/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
1.30 Acres 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: Bradley Hanson • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2464970