522 N 3rd Street, Shelton, WA, 98584 | $805/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

522 N 3rd Street, Shelton, WA, 98584 | $805/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

6 Bed
4 Bath
3377 sft

37 Meadow Hills Lane, Elma, WA, 98541

4 Bed
2 Bath
2552 sft

24 Hurd Road, Elma, WA, 98541

6 Bed
3 Bath
4785 sft

505 S 8th Street, Shelton, WA, 98584

3 Bed
3 Bath
2282 sft

545 Summit Lake Shore Road NW, Olympia, WA, 98502

Nearby investment properties with comparable prices

3 Bed
3 Bath
2455 sft

105 Summit Place Drive, McCleary, WA, 98557

3 Bed
2 Bath
2158 sft

320 Powers Creek Road, Elma, WA, 98541

3 Bed
3 Bath
2120 sft

890 W Wynwood Drive, Shelton, WA, 98584

3 Bed
2 Bath
1792 sft

36 Blacktail Ridge Lane, Elma, WA, 98541

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Shelton at 522 N 3rd Street, Shelton, WA, 98584 offers a 8.92% rental yield on a $565,000 purchase with $4,201/mo rent. Total monthly income registers $4,201/mo, and a $2,765/mo payment leaves $805/mo available for distribution. Annual cash flow reaches $9,661/yr on $185,885 to close, and return on cash invested stands at 25.26% in year one. Equity gained on principal adds $3,646/yr while 5% annual appreciation supports $156,099 over five years. Portfolio math shows five-year ROI at 131.28% and total cumulative return in cash at $244,023. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,201/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1928

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

**Historic Frank Reed House ** Nestled in Sheltons Historic District, the Frank Reed House is a rare treasure on a prime corner lot. A serene fish-bearing CREEK flows just beyond your back door. This stately 6-bed, 4-bath home exudes timeless elegance with rich hardwood floors and vibrant landscaping. The UPDATED kitchen, thoughtfully designed with modern functionality, captivates the homes historic charm with vintage-inspired details. Spacious, light-filled rooms blend heritage with comfort, ideal for relaxing or entertaining. From the tranquil creek to the storied architecture, every detail inspires. Own a piece of Sheltons legacy, where history & nature converge. So many possibilities!! With a little TLC, your DREAM HOME awaits!

Neighborhood Data

Neighborhood data shown for ZIP Code: 98584, Shelton, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,936 (100%)
Owner Occupied HU	12,036 (67.1%)
Renter Occupied HU	3,532 (19.7%)
Vacant Housing Units	2,368 (13.2%)
Median Home Value	$462,070
Average Home Value	$497,220