1301 S Third Avenue #5BSequimWA98382
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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 Sequim at 1301 S Third Avenue #5B, Sequim, WA, 98382 listed at $270,000 pairs $1,804/mo rent with a $1,322/mo payment to leave $181/mo cash flow. Total monthly income runs $1,804/mo, and annual cash flow reaches $2,166/yr on $89,505 cash to close. Return on cash invested measures 22.33% in year one, and rental yield registers 8.02% at a $270,000 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,596 by year five. Five-year ROI tracks 115.6% and total cumulative return in cash totals $103,465. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,804/mo property income relative to a $1,322/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Stephanie Gould • Professional Rlty Srvcs Sequim
Mls Name: NWMLS
Mls ID: #2464963