503 Morse StreetRyderwoodWA98581
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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 Ryderwood at 503 Morse Street, Ryderwood, WA, 98581 uses $72,930 cash to close to unlock $9,316/yr annual cash flow and $776/mo monthly cash flow. Total monthly income runs $2,099/mo, and a $1,077/mo payment keeps the spread at $776/mo. Purchase price stands at $220,000, and rental yield measures 11.45% with $2,099/mo rent. Return on cash invested shows 32.68% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 171.15% and total cumulative return in cash records $124,823. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,099/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1923
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98581, Ryderwood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 261 (83.4%) |
| Renter Occupied HU | 23 ( 7.3%) |
| Vacant Housing Units | 29 ( 9.3%) |
| Median Home Value | $261,000 |
| Average Home Value | $316,609 |
Housing Distribution
Address Breakdown
Residential
158
Single Family
158
Multi-Family
0
Businesses
6
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Listed by: Robert Simonson • Realty One Group Pacifica
Mls Name: NWMLS
Mls ID: #2384976