2312 Madison StreetSheltonWA98584
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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 Shelton at 2312 Madison Street, Shelton, WA, 98584 uses $76,245 cash to close to unlock $7,970/yr annual cash flow and $664/mo monthly cash flow. Total monthly income runs $2,047/mo, and a $1,126/mo payment keeps the spread at $664/mo. Purchase price stands at $230,000, and rental yield measures 10.68% with $2,047/mo rent. Return on cash invested shows 30.36% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 158.73% and total cumulative return in cash records $121,027. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,047/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98584, Shelton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,936 (100%) |
| Owner Occupied HU | 12,036 (67.1%) |
| Renter Occupied HU | 3,532 (19.7%) |
| Vacant Housing Units | 2,368 (13.2%) |
| Median Home Value | $462,070 |
| Average Home Value | $497,220 |
Housing Distribution
Address Breakdown
Residential
15,359
Single Family
15,021
Multi-Family
338
Businesses
1,016
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Listed by: Philip Harlan • Keller Williams South Sound
Mls Name: NWMLS
Mls ID: #2446670