1212 E Craig AvePort AngelesWA98362
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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 Port Angeles at 1212 E Craig Ave, Port Angeles, WA, 98362 generates $2,279/mo in rent and, after a $1,615/mo payment, leaves $296/mo in cash flow. Total monthly income is $2,279/mo, and annual cash flow is $3,547/yr on $109,378 invested. Return on cash invested sits at 23.15% in year one, and rental yield is 8.29% on a $329,950 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,159 over five years. Five-year ROI reaches 120.01% and total cumulative return in cash sums $131,263. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,279/mo property income rather than buyer’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98362, Port Angeles, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,827 (100%) |
| Owner Occupied HU | 7,777 (65.8%) |
| Renter Occupied HU | 3,219 (27.2%) |
| Vacant Housing Units | 831 ( 7.0%) |
| Median Home Value | $514,436 |
| Average Home Value | $587,374 |
Housing Distribution
Address Breakdown
Residential
10,887
Single Family
9,999
Multi-Family
888
Businesses
1,355
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Listed by: Joanne Soderlind • IDEAL Real Estate
Mls Name: Olympic Listing Service
Mls ID: #391201
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.