421 Ellinor AvenueSheltonWA98584
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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 Shelton at 421 Ellinor Avenue, Shelton, WA, 98584 offers $2,107/mo rent that, after a $1,444/mo payment, leaves $334/mo cash flow. Total monthly income is $2,107/mo, and annual cash flow is $4,003/yr on $97,793 cash. Return on cash invested measures 24% in year one, and rental yield stands at 8.57% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 124.58% and total cumulative return in cash reaches $121,826. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,107/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98584, Shelton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,936 (100%) |
| Owner Occupied HU | 12,036 (67.1%) |
| Renter Occupied HU | 3,532 (19.7%) |
| Vacant Housing Units | 2,368 (13.2%) |
| Median Home Value | $462,070 |
| Average Home Value | $497,220 |
Housing Distribution
Address Breakdown
Residential
15,359
Single Family
15,021
Multi-Family
338
Businesses
1,016
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Listed by: Chad M. Link • Elite Properties
Mls Name: NWMLS
Mls ID: #2473030