517 S 3rd Street, McCleary, WA, 98557 | $558/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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517 S 3rd Street, McCleary, WA, 98557 | $558/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in McCleary at 517 S 3rd Street, McCleary, WA, 98557 uses $157,463 cash to close to unlock $6,691/yr annual cash flow and $558/mo monthly cash flow. Total monthly income runs $3,413/mo, and a $2,325/mo payment keeps the spread at $558/mo. Purchase price stands at $475,000, and rental yield measures 8.62% with $3,413/mo rent. Return on cash invested shows 24.16% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 125.39% and total cumulative return in cash records $197,443. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,413/mo property income covering a $2,325/mo payment rather than investor’s personal income.

Single Family

Built in 1936

9,570 sqft lot

$N/A/sqft

No HOA

More details about the property

This Craftsman Bungalow built in 1936 is rich in history and on the market after being occupied by the current owner for a little over 50 years! You just can't find character like this in newer homes: gorgeous tin ceiling in the main living space, hardwood floors and ornate light fixtures to name a few. Enjoy your back patio and all of the mature landscaping that attract birds and butterflies to gaze upon. The landscaping all around is magical! The upstairs could potentially be used as an ADU. It was previously used as an apartment when the current owners were first starting out many years ago. McCleary is a quick drive to the Westside of Olympia and an hour to the coast!

Neighborhood Data

Neighborhood data shown for ZIP Code: 98557, Mccleary, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,569 (100%)
Owner Occupied HU	1,159 (73.9%)
Renter Occupied HU	324 (20.7%)
Vacant Housing Units	86 ( 5.5%)
Median Home Value	$445,349
Average Home Value	$455,349