12055 Oakridge Drive SWPt OrchardWA98367
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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 Pt Orchard at 12055 Oakridge Drive SW, Pt Orchard, WA, 98367 generates $3,623/mo in rent, after a $3,299/mo payment. Total monthly income is $3,623/mo. Return on cash invested sits at 17.74% in year one, and rental yield is 6.45% on a $674,000 entry. Equity gained on principal adds $4,349/yr, while 5% annual appreciation builds toward $186,214 over five years. Five-year ROI reaches 90.95% and total cumulative return in cash sums $201,685. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,623/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
2 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 98367, Port Orchard, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,200 (100%) |
| Owner Occupied HU | 10,803 (81.8%) |
| Renter Occupied HU | 1,807 (13.7%) |
| Vacant Housing Units | 590 ( 4.5%) |
| Median Home Value | $611,255 |
| Average Home Value | $654,285 |
Housing Distribution
Address Breakdown
Residential
12,273
Single Family
12,273
Multi-Family
0
Businesses
152
Price History
Date | Event | Price |
|---|---|---|
| 2025-08-25 | Sold | $674,000 |
| 2025-07-25 | Pending sale | $674,000 |
| 2025-07-11 | Listed for sale | $674,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-14 | $4726.36 | 3.15% | $556,910 | N/A |
| 2023-10-14 | $4581.98 | 0.61% | $556,910 | N/A |
| 2022-10-14 | $4554.20 | 3.34% | $556,910 | 23.41% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1978
- Architectural Style: N/A
- Building Area: 1,924
- Living Area: 1,924 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Fireplace, Forced Air, Heat Pump, Electric, Wood
- Cooling: Forced Air, Heat Pump
- Flooring: Ceramic Tile, Laminate, Vinyl Plank
- Interior Features: Bath Off Primary, Ceiling Fan(s), Dining Room, Loft
- Exterior Features: N/A
- Parking Features: Driveway, Attached Garage, Detached Garage, RV Parking
Location
- City: Pt Orchard
- State: WA
- Subdivision: Wicks Lake
- Lot Size: 2 Acres
- Lot Features: Corner Lot, Paved, Secluded, Cable TV, High Speed Internet, Outbuildings, Patio, RV Parking, Shop
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Wave, Astound By Wave
- Sewer: Septic Tank, Company: OSS
- Water Source: Public, Company: Washington Water
- Road Surface Type: N/A
School Information
- Elementary School: Burley Glenwood Elem
- Middle School: Cedar Heights Jh
- High School: So. Kitsap High
Listed by: Robert Contreras • Windermere Prof Partners
Mls Name: NWMLS
Mls Provider:
Mls ID: #2405062
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)