506 S 222nd Street #1Des MoinesWA98198
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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 Des Moines at 506 S 222nd Street #1, Des Moines, WA, 98198 earns $164/mo cash flow from $1,757/mo rent with a $1,297/mo payment. Total monthly income totals $1,757/mo, and annual cash flow totals $1,970/yr on $87,831 capital. ROI tracks 22.15% on current figures, and rental yield reads 7.96% at a $264,950 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,201 over five years. Five-year ROI reaches 114.67% and total cumulative return in cash sums $100,716. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,757/mo property income instead of your personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98198, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,551 (100%) |
| Owner Occupied HU | 7,940 (51.1%) |
| Renter Occupied HU | 6,643 (42.7%) |
| Vacant Housing Units | 968 ( 6.2%) |
| Median Home Value | $668,434 |
| Average Home Value | $799,850 |
Housing Distribution
Address Breakdown
Residential
14,886
Single Family
8,936
Multi-Family
5,950
Businesses
818
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Listed by: James K Myers • RE/MAX All City
Mls Name: NWMLS
Mls ID: #2458209