2417 S 222nd Street #A6Des MoinesWA98198
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 2417 S 222nd Street #A6, Des Moines, WA, 98198 in Des Moines worth modelling. At $285,000 with a 10.64% gross yield, the $2,527/mo rent leaves $97/mo after the $1,282/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.97 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $78,740 by year five; $2,625/yr in principal reduction adds further equity. Total projected return: $117,179.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.2% |
| Monthly Cash Flow | $97 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,527 |
| Total Monthly Debt Service | $2,317 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1979
N/A lot
$N/A/sqft
$717 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
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
Condo
Built in 1979
N/A lot
$N/A/sqft
$717 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gina Madeya • Windermere Real Estate Central
Mls Name: NWMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2491791
Disclaimer: Based on information submitted to the MLS GRID as of 2026-03-20 08:39:25 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)