385 Front Avenue NWCastle RockWA98611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Castle Rock at 385 Front Avenue NW, Castle Rock, WA, 98611 with 5% annual appreciation on a $399,000 basis while $2,815/mo rent supports operations. Total monthly income totals $2,815/mo and a $1,953/mo payment preserves $416/mo for cash returns. Annual cash flow comes to $4,997/yr on $132,269 deployed, and return on cash invested reaches 23.69% in year one. Equity gained on principal adds $2,575/yr, and five-year appreciation sums $110,236 alongside rental yield of 8.47%. Five-year ROI measures 122.88% and total cumulative return in cash totals $162,530.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,815/mo property income versus a $1,953/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1998
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98611, Castle Rock, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,323 (100%) |
| Owner Occupied HU | 3,452 (79.9%) |
| Renter Occupied HU | 610 (14.1%) |
| Vacant Housing Units | 261 ( 6.0%) |
| Median Home Value | $467,354 |
| Average Home Value | $502,413 |
Housing Distribution
Address Breakdown
Residential
3,772
Single Family
3,748
Multi-Family
24
Businesses
203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathleen Dessimoz • Windermere Northwest Living
Mls Name: NWMLS
Mls ID: #2447415