6401 Farrer Way NEMoses 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
Investment property for sale in Moses Lake at 6401 Farrer Way NE, Moses Lake, WA, 98837 offers a 5.91% rental yield on a $639,000 purchase with $3,149/mo rent. 11% in year one. Equity gained on principal adds $4,123/yr while 5% annual appreciation supports $176,544 over five years. Portfolio math shows five-year ROI at 82.19% and total cumulative return in cash at $172,792. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,149/mo property income against a $3,128/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
8,951 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: Joyce Fry • BHGRE Gary Mann Realty
Mls Name: NWMLS
Mls ID: #2410623