Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Archived almost 4 years ago

$400,000

2 bd 1 ba 1230 sqft

1609 S 223rd St, Des Moines, WA 98198

Residential SFR Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$2,900

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

C.Y. Li

Fix-n-flip opportunity

* County info only reflects the main floor which is finished and can be lived in. The semi-framed attic is not included in the square footage which is a great potential for a flipper to get it permitted and finished.
* Roof was put in 2009, but definitely needs a cleaning right now.
* Water service was redone 5-6 years ago.
* Hot water tank needs to be replaced.
* Furnace is serviced yearly.
* Oil tank is warrantied but not transferable.
* Water is currently turned off.
* All windows were replaced by the Port of Seattle for sound proofing.

Please let me know if you have other questions or would like to see videos of the property.

Location:

1609 S 223rd St, Des Moines, WA 98198

Looking for an agent?
Start a rental property calculator report
Use the rental calculator to determine this property's potential profit.
Analyze this property

* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.