11116 Matthews Way, Anderson Island, WA, 98303 | $1/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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11116 Matthews Way, Anderson Island, WA, 98303 | $1/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Anderson Island at 11116 Matthews Way, Anderson Island, WA, 98303 uses $197,400 cash to close to unlock $12/yr annual cash flow and $1/mo monthly cash flow. Total monthly income runs $3,608/mo, and a $2,937/mo payment keeps the spread at $1/mo. Purchase price stands at $600,000, and rental yield measures 7.22% with $3,608/mo rent. Return on cash invested shows 20.07% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 103.4% and total cumulative return in cash records $204,120. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,608/mo property income covering a $2,937/mo payment rather than investor’s personal income.

Single Family

Built in 1992

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Small slice of paradise on Anderson Island! Situated on Josephine Lake, this beautiful, dialed in rambler is ready for its next steward. You'll love the tucked away feel, the cozy vibes, & all that the island has to offer with this prime location. Lush grounds surround the home with mature landscaping. Inside you'll find light filled spaces and a traditional floor plan. Large bedrooms, great for out of town guests. Primary suite has its own 5-pc ensuite bathroom & large WIC. Open concept kitchen connects with a large deck, perfect for entertaining both inside & out. MASSIVE detached 4 car garage - perfect for all needs. Home is just steps to park with pickleball courts, the public beach of Florence Lake & minutes to the ferry terminal.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98303, Anderson Island, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,174 (100%)
Owner Occupied HU	612 (52.1%)
Renter Occupied HU	81 ( 6.9%)
Vacant Housing Units	481 (41.0%)
Median Home Value	$645,701
Average Home Value	$708,538