67 E South Island Drive, Shelton, WA, 98584 | 5.28% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Shelton at 67 E South Island Drive, Shelton, WA, 98584 offers $2,970/mo rent that, after a $3,303/mo payment. Total monthly income is $2,970/mo. Return on cash invested measures 14.19% in year one, and rental yield stands at 5.28% at a $674,900 entry. Equity gained on principal adds $4,355/yr while 5% annual appreciation compounds into $186,462 by year five. Five-year ROI records 71.9% and total cumulative return in cash reaches $159,655. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,970/mo property income versus a $3,303/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1999

1.44 Acres lot

$N/A/sqft

No HOA

More details about the property

What a lovely home! This place has been meticulously maintained and updated throughout. Brand new updated Primary bath with an oversized step-in shower and all-new cabinetry and flooring. There is a giant rec room with a slider to the beautiful grounds with a wisteria and rose arbor. And the garden space is AMAZING! 31x26 fully-fenced garden area with a green house, and 5 raised garden beds and sprinkler system. The 3-bay 40x20 garage/shop is a mechanics dream. Gated and paved driveway to the house. Perfect back patio for entertaining with a view of the mountains and the sound. Even a giant chicken coop! Every type of recreational activities are all nearby - fishing, golfing, camping, hiking, hunting, etc. Book your appointment today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 98584, Shelton, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,936 (100%)
Owner Occupied HU	12,036 (67.1%)
Renter Occupied HU	3,532 (19.7%)
Vacant Housing Units	2,368 (13.2%)
Median Home Value	$462,070
Average Home Value	$497,220