404 Eleventh StreetRaymondWA98577
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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 Raymond at 404 Eleventh Street, Raymond, WA, 98577 priced at $265,000 converts $1,649/mo rent into $56/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,649/mo, and annual cash flow totals $673/yr on $87,848 invested. Return on cash invested prints 20.68% in year one, and rental yield reads 7.47% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 106.76% and total cumulative return in cash sums $93,783. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,649/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1959
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98577, Raymond, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,161 (100%) |
| Owner Occupied HU | 2,220 (70.2%) |
| Renter Occupied HU | 667 (21.1%) |
| Vacant Housing Units | 274 ( 8.7%) |
| Median Home Value | $282,292 |
| Average Home Value | $324,725 |
Housing Distribution
Address Breakdown
Residential
2,680
Single Family
2,496
Multi-Family
184
Businesses
212
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Listed by: Maria Lopez Morales • Keller Williams South Sound
Mls Name: NWMLS
Mls ID: #2459969