11003 SW Cove RoadVashonWA98070
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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 Vashon at 11003 SW Cove Road, Vashon, WA, 98070 generates $3,366/mo in rent and, after a $2,423/mo payment, leaves $390/mo in cash flow. Total monthly income is $3,366/mo, and annual cash flow is $4,683/yr on $164,093 invested. Return on cash invested sits at 22.76% in year one, and rental yield is 8.16% on a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 117.93% and total cumulative return in cash sums $193,522. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,366/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98070, Vashon, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,700 (100%) |
| Owner Occupied HU | 3,910 (68.6%) |
| Renter Occupied HU | 891 (15.6%) |
| Vacant Housing Units | 899 (15.8%) |
| Median Home Value | $989,005 |
| Average Home Value | $1,142,759 |
Housing Distribution
Address Breakdown
Residential
4,665
Single Family
4,641
Multi-Family
24
Businesses
446
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Listed by: Michael Norton • KW Greater Seattle
Mls Name: NWMLS
Mls ID: #2373958