3211 W Wapato Drive #48Moses 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 3211 W Wapato Drive #48, Moses Lake, WA, 98837 listed at $119,900 pairs $962/mo rent with a $587/mo payment to leave $241/mo cash flow. Total monthly income runs $962/mo, and annual cash flow reaches $2,893/yr on $39,747 cash to close. Return on cash invested measures 27.19% in year one, and rental yield registers 9.63% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 141.81% and total cumulative return in cash totals $56,364. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $962/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1995
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: Dan Adair • BHGRE Gary Mann Realty
Mls Name: NWMLS
Mls ID: #2387781