8021 Old Pacific Hwy NCastle RockWA98611
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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 Castle Rock at 8021 Old Pacific Hwy N, Castle Rock, WA, 98611 priced at $115,000 converts $872/mo rent into after a $563/mo obligation. Total monthly income equals $872/mo. Return on cash invested prints 1.99% in year one, and rental yield reads 9.1% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 15.13% and total cumulative return in cash sums $5,769. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $872/mo property income covering a $563/mo payment, not borrower’s personal income.
Manufactured
Built in 1995
N/A lot
$N/A/sqft
$750 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 98611, Castle Rock, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,323 (100%) |
| Owner Occupied HU | 3,452 (79.9%) |
| Renter Occupied HU | 610 (14.1%) |
| Vacant Housing Units | 261 ( 6.0%) |
| Median Home Value | $467,354 |
| Average Home Value | $502,413 |
Housing Distribution
Address Breakdown
Residential
3,772
Single Family
3,748
Multi-Family
24
Businesses
203
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-22 | Listed for sale | $115,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-23 | $157.86 | 216.86% | $11,670 | 51.95% |
| 2022-04-23 | $49.82 | N/A | $7,680 | 36.41% |
| 2021-04-23 | $49.82 | -42.97% | $5,630 | -41.17% |
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Facts & Features
General Information
- Type: MobileManufactured
- Year Built: 1995
- Architectural Style: N/A
- Building Area: 1,431
- Living Area: 1,431 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Forced Air
- Cooling: None
- Flooring: Laminate, Vinyl, Wall to Wall Carpet
- Interior Features: Vaulted Ceiling(s)
- Exterior Features: Yard
- Parking Features: Carport
Location
- City: Castle Rock
- State: WA
- Subdivision: Viking Village 55 Plus Park
- Lot Size: N/A
- Lot Features: Level, Trees, SqFt 0K to 2999
- View: Territorial, Trees/Woods
HOA & Fees
- HOA Fee: $750 monthly
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: Sewer, Water
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank, Standard Septic
- Water Source: Well
- Road Surface Type: Paved
School Information
- Elementary School: Castle Rock
- Middle School: Castle Rock
- High School: Castle Rock
Listed by: Michael Wallin • Keller Williams Realty
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #380246120
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-04-23 08:26:40 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.