602 Montgomery StreetSteilacoomWA98388
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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 Steilacoom at 602 Montgomery Street, Steilacoom, WA, 98388 priced at $459,000 converts $3,415/mo rent into $655/mo cash flow after a $2,247/mo obligation. Total monthly income equals $3,415/mo, and annual cash flow totals $7,865/yr on $152,159 invested. Return on cash invested prints 25.08% in year one, and rental yield reads 8.93% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 130.34% and total cumulative return in cash sums $198,323. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,415/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 1969
8,794 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98388, Steilacoom, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,972 (100%) |
| Owner Occupied HU | 1,923 (64.7%) |
| Renter Occupied HU | 926 (31.2%) |
| Vacant Housing Units | 123 ( 4.1%) |
| Median Home Value | $664,681 |
| Average Home Value | $722,841 |
Housing Distribution
Address Breakdown
Residential
2,850
Single Family
2,366
Multi-Family
484
Businesses
113
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Listed by: Melanie Tinsley • RE/MAX Exclusive
Mls Name: NWMLS
Mls ID: #2408718