1408 Corona AvePort TownsendWA98368
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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
Rental property for sale in Port Townsend at 1408 Corona Ave, Port Townsend, WA, 98368 priced at $707,115 converts $2,827/mo rent into after a $3,461/mo obligation. Total monthly income equals $2,827/mo. Return on cash invested prints 12.61% in year one, and rental yield reads 4.8% against a $707,115 entry. Equity gained on principal adds $4,563/yr, while 5% annual appreciation compiles into $195,363 by year five. Five-year ROI reaches 63.47% and total cumulative return in cash sums $147,653. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,827/mo property income covering a $3,461/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98368, Port Townsend, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,645 (100%) |
| Owner Occupied HU | 6,530 (67.7%) |
| Renter Occupied HU | 2,204 (22.9%) |
| Vacant Housing Units | 911 ( 9.4%) |
| Median Home Value | $629,669 |
| Average Home Value | $704,278 |
Housing Distribution
Address Breakdown
Residential
8,413
Single Family
7,861
Multi-Family
552
Businesses
953
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A