601 S 227th Street #406SDes MoinesWA98198
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 601 S 227th Street #406S, Des Moines, WA, 98198 offers a 8.67% rental yield on a $475,000 purchase with $3,433/mo rent. Total monthly income registers $3,433/mo, and a $2,325/mo payment leaves $578/mo available for distribution. Annual cash flow reaches $6,931/yr on $157,463 to close, and return on cash invested stands at 24.31% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 126.21% and total cumulative return in cash at $198,739. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,433/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
2.51 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Juli Anne Gibson • BCR LLC
Mls Name: NWMLS
Mls ID: #2413877