103 Wells Ridge CourtPort LudlowWA98365
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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 Port Ludlow at 103 Wells Ridge Court, Port Ludlow, WA, 98365 at $174,999 posts ROI 43.92% with $1,161/mo cash flow from $2,280/mo rent. Total monthly income equals $2,280/mo, and annual cash flow records $13,931/yr on $58,012 to close. Return on cash invested measures 43.92% and rental yield reads 15.63% at the current $174,999. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 by year five. Five-year ROI prints 231.87% and total cumulative return in cash totals $134,515.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,280/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Lot
Built in N/A
0.75 Acres lot
$N/A/sqft
$800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98365, Port Ludlow, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,308 (100%) |
| Owner Occupied HU | 2,438 (73.7%) |
| Renter Occupied HU | 260 ( 7.9%) |
| Vacant Housing Units | 610 (18.4%) |
| Median Home Value | $664,991 |
| Average Home Value | $723,065 |
Housing Distribution
Address Breakdown
Residential
2,857
Single Family
2,839
Multi-Family
18
Businesses
113
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Listed by: Beth Olson • John L. Scott Port Ludlow
Mls Name: NWMLS
Mls Provider:
Mls ID: #2063596
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website.