132 Main StreetIlwacoWA98624
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
Investment property for sale in Ilwaco at 132 Main Street, Ilwaco, WA, 98624 offers a 8.52% rental yield on a $299,999 purchase with $2,130/mo rent. Total monthly income registers $2,130/mo, and a $1,468/mo payment leaves $327/mo available for distribution. Annual cash flow reaches $3,924/yr on $99,450 to close, and return on cash invested stands at 23.85% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 123.76% and total cumulative return in cash at $123,084. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,130/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98624, Ilwaco, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 712 (100%) |
| Owner Occupied HU | 418 (58.7%) |
| Renter Occupied HU | 153 (21.5%) |
| Vacant Housing Units | 141 (19.8%) |
| Median Home Value | $453,061 |
| Average Home Value | $603,678 |
Housing Distribution
Address Breakdown
Residential
132
Single Family
132
Multi-Family
0
Businesses
88
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Listed by: Jamay Hadley • Windermere Community Realty
Mls Name: NWMLS
Mls ID: #2415366