121 Switchback RoadEastsoundWA98245
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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 Eastsound at 121 Switchback Road, Eastsound, WA, 98245 uses $324,065 cash to close to unlock $12,469/yr annual cash flow and $1,039/mo monthly cash flow. Total monthly income runs $6,960/mo, and a $4,821/mo payment keeps the spread at $1,039/mo. Purchase price stands at $985,000, and rental yield measures 8.48% with $6,960/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $272,137 over five years. Five-year ROI reaches 124.03% and total cumulative return in cash records $401,938. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,960/mo property income covering a $4,821/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98245, Eastsound, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,258 (100%) |
| Owner Occupied HU | 1,673 (51.4%) |
| Renter Occupied HU | 569 (17.5%) |
| Vacant Housing Units | 1,016 (31.2%) |
| Median Home Value | $906,734 |
| Average Home Value | $1,102,261 |
Housing Distribution
Address Breakdown
Residential
1,578
Single Family
1,553
Multi-Family
25
Businesses
385
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Listed by: Deborah Hansen • COMPASS
Mls Name: NWMLS
Mls ID: #2440278