519 N Paxson DriveMoses 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
Rental property for sale in Moses Lake at 519 N Paxson Drive, Moses Lake, WA, 98837 priced at $297,500 converts $2,042/mo rent into $254/mo cash flow after a $1,456/mo obligation. Total monthly income equals $2,042/mo, and annual cash flow totals $3,045/yr on $98,621 invested. Return on cash invested prints 23% in year one, and rental yield reads 8.24% against a $297,500 entry. Equity gained on principal adds $1,920/yr, while 5% annual appreciation compiles into $82,194 by year five. Five-year ROI reaches 119.15% and total cumulative return in cash sums $117,511. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,042/mo property income covering a $1,456/mo payment, not borrower’s personal income.
Single Family
Built in 2010
7,801 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: Suci A. Wise • Windermere RE K-2 Realty
Mls Name: NWMLS
Mls ID: #2446528