12606 Silver DriveAnderson IslandWA98303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Anderson Island at 12606 Silver Drive, Anderson Island, WA, 98303 generates $3,226/mo in rent, after a $2,885/mo payment. Total monthly income is $3,226/mo. Return on cash invested sits at 18.1% in year one, and rental yield is 6.57% on a $589,500 entry. Equity gained on principal adds $3,804/yr, while 5% annual appreciation builds toward $162,868 over five years. Five-year ROI reaches 92.86% and total cumulative return in cash sums $180,099. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,226/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98303, Anderson Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,174 (100%) |
| Owner Occupied HU | 612 (52.1%) |
| Renter Occupied HU | 81 ( 6.9%) |
| Vacant Housing Units | 481 (41.0%) |
| Median Home Value | $645,701 |
| Average Home Value | $708,538 |
Housing Distribution
Address Breakdown
Residential
960
Single Family
960
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris C. Nye • MLS4owners.com
Mls Name: NWMLS
Mls ID: #2425359