3131 W Wapato Drive #57Moses LakeWA98837
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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
Investment property for sale in Moses Lake at 3131 W Wapato Drive #57, Moses Lake, WA, 98837 uses $39,747 cash to close to unlock $2,893/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $962/mo, and a $587/mo payment keeps the spread at $241/mo. Purchase price stands at $119,900, and rental yield measures 9.63% with $962/mo rent. Return on cash invested shows 27.19% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 141.81% and total cumulative return in cash records $56,364. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $962/mo property income covering a $587/mo payment rather than investor’s personal income.
Manufactured
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98837, Moses Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,399 (100%) |
| Owner Occupied HU | 11,735 (60.5%) |
| Renter Occupied HU | 6,484 (33.4%) |
| Vacant Housing Units | 1,180 ( 6.1%) |
| Median Home Value | $381,410 |
| Average Home Value | $439,001 |
Housing Distribution
Address Breakdown
Residential
18,244
Single Family
17,408
Multi-Family
836
Businesses
1,439
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Listed by: LeRae Redal • Moses Lake Realty Group
Mls Name: NWMLS
Mls ID: #2419138