1014 N Minstrel RdSequimWA98382
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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
Investment property for sale in Sequim at 1014 N Minstrel Rd, Sequim, WA, 98382 offers a 7.3% rental yield on a $579,000 purchase with $3,523/mo rent. Total monthly income registers $3,523/mo, and a $2,834/mo payment leaves $42/mo available for distribution. Annual cash flow reaches $509/yr on $190,491 to close, and return on cash invested stands at 20.33% in year one. Equity gained on principal adds $3,736/yr while 5% annual appreciation supports $159,967 over five years. Portfolio math shows five-year ROI at 104.83% and total cumulative return in cash at $199,687. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,523/mo property income against a $2,834/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98382, Sequim, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,613 (100%) |
| Owner Occupied HU | 12,131 (73.0%) |
| Renter Occupied HU | 3,070 (18.5%) |
| Vacant Housing Units | 1,412 ( 8.5%) |
| Median Home Value | $595,126 |
| Average Home Value | $644,188 |
Housing Distribution
Address Breakdown
Residential
15,092
Single Family
14,325
Multi-Family
767
Businesses
1,174
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Listed by: Nell Clausen • RE/MAX Prime
Mls Name: Olympic Listing Service
Mls ID: #400051