535 Castle 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 535 Castle Drive, Moses Lake, WA, 98837 generates $1,558/mo in rent and, after a $1,104/mo payment, leaves $202/mo in cash flow. Total monthly income is $1,558/mo, and annual cash flow is $2,426/yr on $74,753 invested. Return on cash invested sits at 23.15% in year one, and rental yield is 8.29% on a $225,500 entry. Equity gained on principal adds $1,455/yr, while 5% annual appreciation builds toward $62,301 over five years. Five-year ROI reaches 120.07% and total cumulative return in cash sums $89,758. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,558/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
0.44 Acres 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: Aimee Van Diest • HomeSmart
Mls Name: NWMLS
Mls ID: #2458201