421 Waters RoadCastle RockWA98611
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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 Castle Rock at 421 Waters Road, Castle Rock, WA, 98611 offers $2,497/mo rent that, after a $2,227/mo payment. Total monthly income is $2,497/mo. Return on cash invested measures 18.01% in year one, and rental yield stands at 6.59% at a $455,000 entry. Equity gained on principal adds $2,936/yr while 5% annual appreciation compounds into $125,708 by year five. Five-year ROI records 92.43% and total cumulative return in cash reaches $139,420. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,497/mo property income versus a $2,227/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.39 Acres 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
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Listed by: Teresa Coon • Premiere Property Group, LLC
Mls Name: NWMLS
Mls ID: #2406887