121 Marine DriveBlakely IslandWA98222
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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
Investment property for sale in Blakely Island at 121 Marine Drive, Blakely Island, WA, 98222 offers a 3.3% rental yield on a $1,495,000 purchase with $4,114/mo rent. 3% in year one. Equity gained on principal adds $9,647/yr while 5% annual appreciation supports $413,041 over five years. Portfolio math shows five-year ROI at 40.25% and total cumulative return in cash at $194,941. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,114/mo property income against a $7,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Donnie Rubenack • Keller Williams Western Realty
Mls Name: NWMLS
Mls ID: #2402903