241 E Ritz Drive, Shelton, WA, 98584 | $687/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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241 E Ritz Drive, Shelton, WA, 98584 | $687/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Shelton at 241 E Ritz Drive, Shelton, WA, 98584 priced at $250,000 converts $2,190/mo rent into $687/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,190/mo, and annual cash flow totals $8,242/yr on $82,875 invested. Return on cash invested prints 29.85% in year one, and rental yield reads 10.51% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 155.94% and total cumulative return in cash sums $129,238. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,190/mo property income covering a $1,224/mo payment, not borrower’s personal income.

Manufactured

Built in 2012

5 Acres lot

$N/A/sqft

No HOA

More details about the property

Let's get OFF THE GRID! Or not... Here is a wonderful 5 acre parcel located on the South end of Harstine Island in the middle of Puget Sound with a fully self contained & affordable living situation. It includes a really nice 23' travel trailer with deck & awning, an additional building for utilities & hanging out in front of the wood stove, another 12' x 16' artist studio & several more sheds & storage buildings. Conventional power is at the property but the owners have chosen to use the sun and solar panels to generate to bulk of the electricity they use & store it in a battery bank. They have a very deep drilled well, a 3 bedroom septic system for future expansion, tons of privacy & the property backs up on State forest lands. Nice spot!

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