1164 Honeymoon Lake DriveGreenbankWA98253
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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
Total monthly income runs $2,830/mo, and a $3,010/mo payment. Purchase price stands at $615,000, and rental yield measures 5.52% with $2,830/mo rent. Return on cash invested shows 14.92% in year one, and 5% annual appreciation builds toward $169,913 over five years. Five-year ROI reaches 75.83% and total cumulative return in cash records $153,437. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,830/mo property income covering a $3,010/mo payment rather than investor’s personal income.
Single Family
Built in 2001
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98253, Greenbank, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,465 (100%) |
| Owner Occupied HU | 897 (61.2%) |
| Renter Occupied HU | 127 ( 8.7%) |
| Vacant Housing Units | 441 (30.1%) |
| Median Home Value | $771,679 |
| Average Home Value | $832,196 |
Housing Distribution
Address Breakdown
Residential
1,095
Single Family
1,095
Multi-Family
0
Businesses
78
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Listed by: Lynne Hunsaker • Windermere RE/South Whidbey
Mls Name: NWMLS
Mls ID: #2388373