1411 38th StreetAnacortesWA98221
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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
Investment property for sale in Anacortes at 1411 38th Street, Anacortes, WA, 98221 earns $324/mo cash flow from $3,660/mo rent with a $2,716/mo payment. Total monthly income totals $3,660/mo, and annual cash flow totals $3,891/yr on $182,595 capital. ROI tracks 22.19% on current figures, and rental yield reads 7.91% at a $555,000 purchase. Equity gained on principal adds $3,581/yr, and 5% annual appreciation supports $153,336 over five years. Five-year ROI reaches 114.83% and total cumulative return in cash sums $209,672. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,660/mo property income instead of your personal income.
Single Family
Built in 1956
8,585 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98221, Anacortes, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,541 (100%) |
| Owner Occupied HU | 7,842 (62.5%) |
| Renter Occupied HU | 2,828 (22.6%) |
| Vacant Housing Units | 1,871 (14.9%) |
| Median Home Value | $782,913 |
| Average Home Value | $885,649 |
Housing Distribution
Address Breakdown
Residential
10,561
Single Family
10,085
Multi-Family
476
Businesses
1,026
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Listed by: John Prosser Jr. • Windermere RE Anacortes Prop.
Mls Name: NWMLS
Mls ID: #2406613