121 E Rhododendron Lane, Union, WA, 98592 | $334/mo Cash Flow

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121 E Rhododendron Lane, Union, WA, 98592 | $334/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 Union at 121 E Rhododendron Lane, Union, WA, 98592 offers a 8.57% rental yield on a $295,000 purchase with $2,107/mo rent. Total monthly income registers $2,107/mo, and a $1,444/mo payment leaves $334/mo available for distribution. Annual cash flow reaches $4,003/yr on $97,793 to close, and return on cash invested stands at 24% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 124.58% and total cumulative return in cash at $121,826. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,107/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1981

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Huge investment potential with this diamond in the rough in the beautiful Alderbrook Golf and Yacht Club community. Large lot with circular drive, private patio and back yard, outbuildings and extra 552 square foot 2 car garage or shop space with roof top deck. Split level with 2 beds down and primary with large walk-in closet. Spacious kitchen with deck off the dining room. Fully fenced back yard and patio with water feature. Will not qualify for FHA financing. Incredible opportunity to live in one of the most beautiful locations in the lovely town of Union on the edge of Hood Canal.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98592, Union, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,388 (100%)
Owner Occupied HU	908 (65.4%)
Renter Occupied HU	106 ( 7.6%)
Vacant Housing Units	374 (26.9%)
Median Home Value	$553,763
Average Home Value	$518,530