506 N Ruddy StreetMoses LakeWA98837
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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 Moses Lake at 506 N Ruddy Street, Moses Lake, WA, 98837 uses $112,710 cash to close to unlock $4,204/yr annual cash flow and $350/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,664/mo payment keeps the spread at $350/mo. Purchase price stands at $339,999, and rental yield measures 8.45% with $2,394/mo rent. Return on cash invested shows 23.64% in year one, and 5% annual appreciation builds toward $93,935 over five years. Five-year ROI reaches 122.64% and total cumulative return in cash records $138,222. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2024
9,217 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98837, Moses Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,399 (100%) |
| Owner Occupied HU | 11,735 (60.5%) |
| Renter Occupied HU | 6,484 (33.4%) |
| Vacant Housing Units | 1,180 ( 6.1%) |
| Median Home Value | $381,410 |
| Average Home Value | $439,001 |
Housing Distribution
Address Breakdown
Residential
18,244
Single Family
17,408
Multi-Family
836
Businesses
1,439
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Listed by: Stacie Shelton • Best Choice Realty LLC
Mls Name: NWMLS
Mls ID: #2419372