711 E Island Lake Drive, Shelton, WA, 98584 | $734/mo Cash Flow

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711 E Island Lake Drive, Shelton, WA, 98584 | $734/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Motivated Seller

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

Investment property for sale in Shelton at 711 E Island Lake Drive, Shelton, WA, 98584 at $344,900 posts ROI 27.61% with $734/mo cash flow from $2,807/mo rent. Total monthly income equals $2,807/mo, and annual cash flow records $8,806/yr on $114,334 to close. Return on cash invested measures 27.61% and rental yield reads 9.77% at the current $344,900. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,290 by year five. Five-year ROI prints 143.9% and total cumulative return in cash totals $164,529.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,807/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1978

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Investor special! Amazing 1-acre property in the desirable Island Lake community. The main home offers 2 bedrooms, 1 bath, and a cozy fireplace, with a connected laundry and storage area. A separate guest cottage includes its own kitchen and bathroomperfect for extended living or rental potential. Enjoy two garages: a smaller garage with shop space plus a larger garage with extensive shop, storage, and parking. Private well, fully fenced backyard, RV parking, and room for more. Great location and endless possibilities! Cash only, sold AS-IS.

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