815 Blaine StreetSteilacoomWA98388
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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 Steilacoom at 815 Blaine Street, Steilacoom, WA, 98388 priced at $624,995 converts $3,875/mo rent into $118/mo cash flow after a $3,059/mo obligation. Total monthly income equals $3,875/mo, and annual cash flow totals $1,417/yr on $205,623 invested. Return on cash invested prints 20.75% in year one, and rental yield reads 7.44% against a $624,995 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,675 by year five. Five-year ROI reaches 107.1% and total cumulative return in cash sums $220,223. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,875/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98388, Steilacoom, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,972 (100%) |
| Owner Occupied HU | 1,923 (64.7%) |
| Renter Occupied HU | 926 (31.2%) |
| Vacant Housing Units | 123 ( 4.1%) |
| Median Home Value | $664,681 |
| Average Home Value | $722,841 |
Housing Distribution
Address Breakdown
Residential
2,850
Single Family
2,366
Multi-Family
484
Businesses
113
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Listed by: Musab El-Himri • Premier Real Estate Partners
Mls Name: NWMLS
Mls ID: #2433219