138 N Rainier Avenue, Bremerton, WA, 98312 | $1,021/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Bremerton at 138 N Rainier Avenue, Bremerton, WA, 98312 priced at $474,000 converts $3,870/mo rent into $1,021/mo cash flow after a $2,320/mo obligation. Total monthly income equals $3,870/mo, and annual cash flow totals $12,248/yr on $157,131 invested. Return on cash invested prints 27.7% in year one, and rental yield reads 9.8% against a $474,000 entry. Equity gained on principal adds $3,059/yr, while 5% annual appreciation compiles into $130,957 by year five. Five-year ROI reaches 144.41% and total cumulative return in cash sums $226,913. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,870/mo property income covering a $2,320/mo payment, not borrower’s personal income.

Multi Family

Built in 1942

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

FANTASTIC duplex just 2 blocks from PSNS and ideal for both the investor or the owner occupant! Each unit is 2 bedrooms and 1 bath with spacious living rooms, ample closets for storage and individual stacked laundries. Unit B has all new carpet, paint, kitchen floor, bath floor, lighting and fixtures. Each unit comes with a single-car detached garage for secure parking and storage! HUGE private fully fenced yard with 3-4 additional parking spaces via the double gated entry to the back yard. Just minutes to downtown Bremerton and the Seattle Ferry. See this opportunity today ...

Neighborhood Data

Neighborhood data shown for ZIP Code: 98312, Bremerton, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,495 (100%)
Owner Occupied HU	9,394 (60.6%)
Renter Occupied HU	4,962 (32.0%)
Vacant Housing Units	1,139 ( 7.4%)
Median Home Value	$579,025
Average Home Value	$615,766