685 Morse StreetRyderwoodWA98581
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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 Ryderwood at 685 Morse Street, Ryderwood, WA, 98581 generates $1,666/mo in rent and, after a $978/mo payment, leaves $465/mo in cash flow. Total monthly income is $1,666/mo, and annual cash flow is $5,577/yr on $66,267 invested. Return on cash invested sits at 28.33% in year one, and rental yield is 10% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 147.75% and total cumulative return in cash sums $97,909. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,666/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98581, Ryderwood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 261 (83.4%) |
| Renter Occupied HU | 23 ( 7.3%) |
| Vacant Housing Units | 29 ( 9.3%) |
| Median Home Value | $261,000 |
| Average Home Value | $316,609 |
Housing Distribution
Address Breakdown
Residential
158
Single Family
158
Multi-Family
0
Businesses
6
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Listed by: Kenneth W. Yoder • Southwest Washington Realty
Mls Name: NWMLS
Mls ID: #2445728