1199 SE 9th Avenue #206Oak HarborWA98277
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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 Oak Harbor at 1199 SE 9th Avenue #206, Oak Harbor, WA, 98277 generates $1,801/mo in rent and, after a $1,052/mo payment, leaves $509/mo in cash flow. Total monthly income is $1,801/mo, and annual cash flow is $6,107/yr on $71,273 invested. Return on cash invested sits at 28.48% in year one, and rental yield is 10.05% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 148.55% and total cumulative return in cash sums $105,877. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,801/mo property income rather than buyer’s personal income.
Condo
Built in 1972
1,319 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98277, Oak Harbor, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,793 (100%) |
| Owner Occupied HU | 10,670 (60.0%) |
| Renter Occupied HU | 6,063 (34.1%) |
| Vacant Housing Units | 1,060 ( 6.0%) |
| Median Home Value | $508,169 |
| Average Home Value | $585,098 |
Housing Distribution
Address Breakdown
Residential
16,785
Single Family
15,582
Multi-Family
1,203
Businesses
983
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Listed by: Cheri English • Keller Williams Western Realty
Mls Name: NWMLS
Mls ID: #2468716