224 Cropsey DriveRavensdaleWA98377
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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 Ravensdale at 224 Cropsey Drive, Ravensdale, WA, 98377 priced at $667,500 converts $2,570/mo rent into after a $3,267/mo obligation. Total monthly income equals $2,570/mo. Return on cash invested prints 12.18% in year one, and rental yield reads 4.62% against a $667,500 entry. Equity gained on principal adds $4,307/yr, while 5% annual appreciation compiles into $184,418 by year five. Five-year ROI reaches 61.12% and total cumulative return in cash sums $134,220. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,570/mo property income covering a $3,267/mo payment, not borrower’s personal income.
Single Family
Built in 2017
7.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98377, Randle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,380 (100%) |
| Owner Occupied HU | 727 (52.7%) |
| Renter Occupied HU | 215 (15.6%) |
| Vacant Housing Units | 438 (31.7%) |
| Median Home Value | $272,500 |
| Average Home Value | $320,922 |
Housing Distribution
Address Breakdown
Residential
568
Single Family
568
Multi-Family
0
Businesses
68
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Listed by: Kavita M Kamat • RE/MAX Parkside Affiliates
Mls Name: NWMLS
Mls ID: #2314297