310 E Olde Lyme Road, Shelton, WA, 98584 | $573/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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310 E Olde Lyme Road, Shelton, WA, 98584 | $573/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Motivated Seller

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 310 E Olde Lyme Road, Shelton, WA, 98584 offers $2,136/mo rent that, after a $1,273/mo payment, leaves $573/mo cash flow. Total monthly income is $2,136/mo, and annual cash flow is $6,872/yr on $86,190 cash. Return on cash invested measures 27.88% in year one, and rental yield stands at 9.86% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Five-year ROI records 145.37% and total cumulative return in cash reaches $125,297. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,136/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Manufactured

Built in 1990

0.42 Acres lot

$N/A/sqft

No HOA

More details about the property

Desirable Lake Limerick community opportunity! This 3-bedroom, 2-bath manufactured home sits on a spacious lot-and-a-half and backs up to scenic Cranberry Creek. A peaceful trail leads down to the creek where you can enjoy the calming sound of bubbling water. Sit in your backyard and enjoy the mature fruit trees and exceptional privacy. Home needs work in many areas and is priced accordinglycash only sale and firmly sold AS-IS, no repairs to be done but personal furnishings and belongings will be removed. Bring your tool belt and vision to restore and refresh this property into something special. A rare chance to create your own retreat in a sought-after community.

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