1402 301 Place, Ocean Park, WA, 98640 | 7.05% Rental Yield

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

Total monthly income runs $1,674/mo, and a $1,395/mo payment. Purchase price stands at $285,000, and rental yield measures 7.05% with $1,674/mo rent. Return on cash invested shows 19.41% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 99.94% and total cumulative return in cash records $94,422. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,674/mo property income covering a $1,395/mo payment rather than investor’s personal income.

Manufactured

Built in 1983

0.29 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 98640, Ocean Park, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,535 (100%)
Owner Occupied HU	2,393 (43.2%)
Renter Occupied HU	399 ( 7.2%)
Vacant Housing Units	2,743 (49.6%)
Median Home Value	$406,143
Average Home Value	$484,592