102 Shelter Bay DriveLa ConnerWA98257
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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 La Conner at 102 Shelter Bay Drive, La Conner, WA, 98257 with 5% annual appreciation on a $429,900 basis while $3,350/mo rent supports operations. Total monthly income totals $3,350/mo and a $2,104/mo payment preserves $766/mo for cash returns. Annual cash flow comes to $9,191/yr on $142,512 deployed, and return on cash invested reaches 26.36% in year one. Equity gained on principal adds $2,774/yr, and five-year appreciation sums $118,773 alongside rental yield of 9.35%. Five-year ROI measures 137.18% and total cumulative return in cash totals $195,499.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,350/mo property income versus a $2,104/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98257, La Conner, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,392 (100%) |
| Owner Occupied HU | 1,635 (68.4%) |
| Renter Occupied HU | 499 (20.9%) |
| Vacant Housing Units | 258 (10.8%) |
| Median Home Value | $659,539 |
| Average Home Value | $724,063 |
Housing Distribution
Address Breakdown
Residential
1,727
Single Family
1,605
Multi-Family
122
Businesses
227
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Listed by: Dan Lien • North48 Real Estate
Mls Name: NWMLS
Mls ID: #2445306