308 Longmire Street NWYelmWA98597
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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 Yelm at 308 Longmire Street NW, Yelm, WA, 98597 priced at $360,000 pairs $2,345/mo rent with $181/mo cash flow after a $1,762/mo payment. Total monthly income equals $2,345/mo, and annual cash flow comes to $2,172/yr on $119,340 invested. Return on cash invested is 21.73% in year one, and rental yield stands at 7.82% on a $360,000 basis. Equity gained on principal adds $2,323/yr, and 5% annual appreciation accumulates to $99,461 by year five. Five-year ROI measures 112.36% and total cumulative return in cash reaches $134,085. For financing, Ziffy Mortgage’s DSCR program evaluates $2,345/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
4,948 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98597, Yelm, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,336 (100%) |
| Owner Occupied HU | 7,592 (73.5%) |
| Renter Occupied HU | 2,255 (21.8%) |
| Vacant Housing Units | 489 ( 4.7%) |
| Median Home Value | $514,069 |
| Average Home Value | $570,806 |
Housing Distribution
Address Breakdown
Residential
9,376
Single Family
9,222
Multi-Family
154
Businesses
647
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Listed by: Victoria Marchenko • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2463669