616 S IronwoodMoses 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 616 S Ironwood, Moses Lake, WA, 98837 priced at $265,000 pairs $2,394/mo rent with $801/mo cash flow after a $1,297/mo payment. Total monthly income equals $2,394/mo, and annual cash flow comes to $9,613/yr on $87,848 invested. Return on cash invested is 30.85% in year one, and rental yield stands at 10.84% on a $265,000 basis. Equity gained on principal adds $1,710/yr, and 5% annual appreciation accumulates to $73,215 by year five. Five-year ROI measures 161.34% and total cumulative return in cash reaches $141,735. For financing, Ziffy Mortgage’s DSCR program evaluates $2,394/mo property income against a $1,297/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
10,240 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: Brenda Roosma • Coldwell Banker Tomlinson R&H
Mls Name: NWMLS
Mls ID: #2466543