121 Marine DriveBlakely IslandWA98222
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.87% gross rental yield, 121 Marine Drive, Blakely Island, WA, 98222 in Blakely Island is priced for capital growth, not immediate cash flow. The $1,475,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $407,515 by year five, with $13,585/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.72) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $293,467.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.9% | 6.2% |
| Monthly Cash Flow | $(4,462) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $4,754 |
| Total Monthly Debt Service | $8,280 |
| DSCR Ratio | 0.57x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1998
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98222, Blakely Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 216 (100%) |
| Owner Occupied HU | 20 ( 9.3%) |
| Renter Occupied HU | 6 ( 2.8%) |
| Vacant Housing Units | 190 (88.0%) |
| Median Home Value | $875,000 |
| Average Home Value | $912,500 |
Housing Distribution
Address Breakdown
Residential
13
Single Family
13
Multi-Family
0
Businesses
0
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
![[503] 5th Floor, Waterview, 2 Bed Plan, 1025 Waterfront Condominium](https://iii.ziffy.ai/assets/87f1b8e9ce8f622264148610d3db7a5f-p_d.jpg)
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
Single Family
Built in 1998
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98222, Blakely Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 216 (100%) |
| Owner Occupied HU | 20 ( 9.3%) |
| Renter Occupied HU | 6 ( 2.8%) |
| Vacant Housing Units | 190 (88.0%) |
| Median Home Value | $875,000 |
| Average Home Value | $912,500 |
Housing Distribution
Address Breakdown
Residential
13
Single Family
13
Multi-Family
0
Businesses
0
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NWMLS as distributed by MLS GRID
Mls ID: #2469806