111 N Bay Lane #1Port 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 111 N Bay Lane #1, Port Ludlow, WA, 98365 with 5% annual appreciation on a $519,000 basis while $2,252/mo rent supports operations. 96% in year one. Equity gained on principal adds $3,349/yr, and five-year appreciation sums $143,390 alongside rental yield of 5.21%. Five-year ROI measures 70.7% and total cumulative return in cash totals $120,717. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,252/mo property income versus a $2,540/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: 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: Sherry L Grimes • Port Ludlow Brokers LLC
Mls Name: NWMLS
Mls ID: #2363512