232 Stowell RoadSalkumWA98582
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Salkum at 232 Stowell Road, Salkum, WA, 98582 offers a 9.29% rental yield on a $180,000 purchase with $1,393/mo rent. Total monthly income registers $1,393/mo, and a $881/mo payment leaves $311/mo available for distribution. Annual cash flow reaches $3,732/yr on $59,670 to close, and return on cash invested stands at 26.16% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 136.12% and total cumulative return in cash at $81,221. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,393/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1982
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98582, Salkum, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 207 (100%) |
| Owner Occupied HU | 136 (65.7%) |
| Renter Occupied HU | 35 (16.9%) |
| Vacant Housing Units | 36 (17.4%) |
| Median Home Value | $637,500 |
| Average Home Value | $669,761 |
Housing Distribution
Address Breakdown
Residential
122
Single Family
122
Multi-Family
0
Businesses
22
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Listed by: Ben Hansen • Voetberg Hansen Real Estate
Mls Name: NWMLS
Mls ID: #2467347