345 W Ridge RoadMoses 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
Rental property for sale in Moses Lake at 345 W Ridge Road, Moses Lake, WA, 98837 priced at $235,000 pairs $2,236/mo rent with $824/mo cash flow after a $1,150/mo payment. Total monthly income equals $2,236/mo, and annual cash flow comes to $9,883/yr on $77,903 invested. Return on cash invested is 32.6% in year one, and rental yield stands at 11.42% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 170.65% and total cumulative return in cash reaches $132,940. For financing, Ziffy Mortgage’s DSCR program evaluates $2,236/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
8,001 sqft 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: Ashley McKean • BHGRE Gary Mann Realty
Mls Name: NWMLS
Mls ID: #2394671