308 E Roosevelt 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
Rental property for sale in Shelton at 308 E Roosevelt Street, Shelton, WA, 98584 priced at $295,000 converts $1,616/mo rent into after a $1,444/mo obligation. Total monthly income equals $1,616/mo. Return on cash invested prints 17.98% in year one, and rental yield reads 6.57% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 92.27% and total cumulative return in cash sums $90,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,616/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 1938
3,049 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: Darin Holland • Richard Beckman Rlty Group LLC
Mls Name: NWMLS
Mls ID: #2408051