1277 Sherman AvenuePt OrchardWA98366
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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 Pt Orchard at 1277 Sherman Avenue, Pt Orchard, WA, 98366 generates $2,038/mo in rent, after a $4,302/mo payment. Total monthly income is $2,038/mo. Return on cash invested sits at 6.59% in year one, and rental yield is 2.78% on a $879,000 entry. Equity gained on principal adds $5,672/yr, while 5% annual appreciation builds toward $242,851 over five years. Five-year ROI reaches 31.17% and total cumulative return in cash sums $90,138. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,038/mo property income rather than buyer’s personal income.
Multi Family
Built in 1997
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98366, Port Orchard, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,414 (100%) |
| Owner Occupied HU | 9,785 (63.5%) |
| Renter Occupied HU | 4,678 (30.3%) |
| Vacant Housing Units | 951 ( 6.2%) |
| Median Home Value | $520,774 |
| Average Home Value | $602,064 |
Housing Distribution
Address Breakdown
Residential
14,498
Single Family
12,972
Multi-Family
1,526
Businesses
1,048
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Listed by: Douglas P Lawrence • Better Properties Gig Harbor
Mls Name: NWMLS
Mls ID: #2452331