22831 30th Avenue S #304Des 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 22831 30th Avenue S #304, Des Moines, WA, 98198 earns $467/mo cash flow from $1,819/mo rent with a $1,101/mo payment. Total monthly income totals $1,819/mo, and annual cash flow totals $5,601/yr on $74,588 capital. ROI tracks 27.42% on current figures, and rental yield reads 9.7% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 142.89% and total cumulative return in cash sums $106,581. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,819/mo property income instead of your personal income.
Condo
Built in 1986
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: Oksana Gorbun • Windermere RE South Sound, Inc
Mls Name: NWMLS
Mls ID: #2439206