270 Hinch RoadCastle RockWA98611
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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
Rental property for sale in Castle Rock at 270 Hinch Road, Castle Rock, WA, 98611 priced at $580,000 converts $2,752/mo rent into after a $2,839/mo obligation. Total monthly income equals $2,752/mo. Return on cash invested prints 15.44% in year one, and rental yield reads 5.69% against a $580,000 entry. Equity gained on principal adds $3,743/yr, while 5% annual appreciation compiles into $160,243 by year five. Five-year ROI reaches 78.62% and total cumulative return in cash sums $150,021. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,752/mo property income covering a $2,839/mo payment, not borrower’s personal income.
Single Family
Built in 2017
5.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98611, Castle Rock, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,323 (100%) |
| Owner Occupied HU | 3,452 (79.9%) |
| Renter Occupied HU | 610 (14.1%) |
| Vacant Housing Units | 261 ( 6.0%) |
| Median Home Value | $467,354 |
| Average Home Value | $502,413 |
Housing Distribution
Address Breakdown
Residential
3,772
Single Family
3,748
Multi-Family
24
Businesses
203
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Listed by: Laura Yoder • Windermere Northwest Living
Mls Name: NWMLS
Mls ID: #2424041