699 Myers Street SERainierWA98576
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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 Rainier at 699 Myers Street SE, Rainier, WA, 98576 offers $2,912/mo rent that, after a $2,687/mo payment. Total monthly income is $2,912/mo. Return on cash invested measures 17.48% in year one, and rental yield stands at 6.37% at a $549,000 entry. Equity gained on principal adds $3,543/yr while 5% annual appreciation compounds into $151,679 by year five. Five-year ROI records 89.56% and total cumulative return in cash reaches $161,756. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,912/mo property income versus a $2,687/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
1.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98576, Rainier, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,224 (100%) |
| Owner Occupied HU | 1,771 (79.6%) |
| Renter Occupied HU | 352 (15.8%) |
| Vacant Housing Units | 101 ( 4.5%) |
| Median Home Value | $604,522 |
| Average Home Value | $644,983 |
Housing Distribution
Address Breakdown
Residential
1,631
Single Family
1,631
Multi-Family
0
Businesses
168
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Listed by: Holly A. Kappert • Yelm Windermere
Mls Name: NWMLS
Mls ID: #2445921