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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Ocean Shores at 1311 Ocean Shores Boulevard SW #3, Ocean Shores, WA, 98569 generates $1,733/mo in rent, after a $1,640/mo payment. Total monthly income is $1,733/mo. Return on cash invested sits at 13.1% in year one, and rental yield is 6.21% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 67.46% and total cumulative return in cash sums $74,912. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,733/mo property income rather than buyer’s personal income.
Condo
Built in 1986
0.53 Acres lot
$N/A/sqft
$349 monthly HOA
Neighborhood data shown for ZIP Code: 98569, Ocean Shores, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,041 (100%) |
| Owner Occupied HU | 3,028 (50.1%) |
| Renter Occupied HU | 751 (12.4%) |
| Vacant Housing Units | 2,262 (37.4%) |
| Median Home Value | $437,696 |
| Average Home Value | $590,386 |
Residential
3,837
Single Family
3,719
Multi-Family
118
Businesses
234
Date | Event | Price |
|---|---|---|
| 2025-04-29 | Listed for sale | $335,000 |
| 2021-12-06 | Sold | $210,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-30 | $1318.68 | 65.04% | $209,811 | 71.67% |
| 2022-04-30 | $799.00 | -5.66% | $122,220 | 21.98% |
| 2021-04-30 | $846.96 | 18.36% | $100,200 | 44.59% |
Listed by: Eric Butler • North Beach Realty OS LLC
Mls Name: NWMLS
Mls Provider:
Mls ID: #2363937
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
