23009 Marine View Drive S #B108Des 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 23009 Marine View Drive S #B108, Des Moines, WA, 98198 uses $103,926 cash to close to unlock $900/yr annual cash flow and $75/mo monthly cash flow. Total monthly income runs $2,712/mo, and a $1,534/mo payment keeps the spread at $75/mo. Purchase price stands at $313,501, and rental yield measures 10.38% with $2,712/mo rent. Return on cash invested shows 20.78% in year one, and 5% annual appreciation builds toward $86,615 over five years. Five-year ROI reaches 110.45% and total cumulative return in cash records $114,783. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,712/mo property income covering a $1,534/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$680 monthly 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: Debby Smith • John L. Scott, Inc
Mls Name: NWMLS
Mls Provider:
Mls ID: #2377957
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-01 21:39:16 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)