1301 S 3rd Avenue #1A-LSequimWA98382
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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 Sequim at 1301 S 3rd Avenue #1A-L, Sequim, WA, 98382 generates $1,445/mo in rent, after a $1,370/mo payment. Total monthly income is $1,445/mo. Return on cash invested sits at 16.84% in year one, and rental yield is 6.2% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 86.16% and total cumulative return in cash sums $79,945. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,445/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98382, Sequim, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,613 (100%) |
| Owner Occupied HU | 12,131 (73.0%) |
| Renter Occupied HU | 3,070 (18.5%) |
| Vacant Housing Units | 1,412 ( 8.5%) |
| Median Home Value | $595,126 |
| Average Home Value | $644,188 |
Housing Distribution
Address Breakdown
Residential
15,092
Single Family
14,325
Multi-Family
767
Businesses
1,174
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Listed by: Marjorie Sutter • Ideal Real Estate
Mls Name: NWMLS
Mls ID: #2425452