114 Oak Shore DrivePort TownsendWA98368
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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 Port Townsend at 114 Oak Shore Drive, Port Townsend, WA, 98368 priced at $600,000 converts $2,719/mo rent into after a $2,937/mo obligation. Total monthly income equals $2,719/mo. Return on cash invested prints 14.05% in year one, and rental yield reads 5.44% against a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 71.36% and total cumulative return in cash sums $140,868. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,719/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.56 Acres lot
$N/A/sqft
$101 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98368, Port Townsend, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,645 (100%) |
| Owner Occupied HU | 6,530 (67.7%) |
| Renter Occupied HU | 2,204 (22.9%) |
| Vacant Housing Units | 911 ( 9.4%) |
| Median Home Value | $629,669 |
| Average Home Value | $704,278 |
Housing Distribution
Address Breakdown
Residential
8,413
Single Family
7,861
Multi-Family
552
Businesses
953
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Listed by: Abigail Little • Bell Tower Brokers
Mls Name: NWMLS
Mls Provider:
Mls ID: #2339543
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, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 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. [Click here for more information](/mls-disclaimers/#39)