1508 177th PlaceLong BeachWA98631
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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 Long Beach at 1508 177th Place, Long Beach, WA, 98631 generates $1,356/mo in rent and, after a $881/mo payment, leaves $274/mo in cash flow. Total monthly income is $1,356/mo, and annual cash flow is $3,288/yr on $59,670 invested. Return on cash invested sits at 25.42% in year one, and rental yield is 9.04% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 132.13% and total cumulative return in cash sums $78,845. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,356/mo property income rather than buyer’s personal income.
Manufactured
Built in 1961
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98631, Long Beach, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,141 (100%) |
| Owner Occupied HU | 1,377 (43.8%) |
| Renter Occupied HU | 578 (18.4%) |
| Vacant Housing Units | 1,186 (37.8%) |
| Median Home Value | $378,245 |
| Average Home Value | $478,488 |
Housing Distribution
Address Breakdown
Residential
1,524
Single Family
1,407
Multi-Family
117
Businesses
201
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Listed by: Nancy J Dunagan • BHGRE - Northwest Home Team
Mls Name: NWMLS
Mls ID: #2449547