500 SE Mill Creek RoadSheltonWA98584
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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
Investment property for sale in Shelton at 500 SE Mill Creek Road, Shelton, WA, 98584 offers a 8.06% rental yield on a $424,999 purchase with $2,856/mo rent. Total monthly income registers $2,856/mo, and a $2,080/mo payment leaves $301/mo available for distribution. Annual cash flow reaches $3,617/yr on $140,887 to close, and return on cash invested stands at 22.48% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,419 over five years. Portfolio math shows five-year ROI at 116.38% and total cumulative return in cash at $163,960. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,856/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.83 Acres 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: TD Ward • Blade Realty LLC
Mls Name: NWMLS
Mls ID: #2422369