151 Beach DriveNordlandWA98358
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Nordland at 151 Beach Drive, Nordland, WA, 98358 offers a 4.87% rental yield on a $725,000 purchase with $2,942/mo rent. 93% in year one. Equity gained on principal adds $4,678/yr while 5% annual appreciation supports $200,304 over five years. Portfolio math shows five-year ROI at 65.18% and total cumulative return in cash at $155,465. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,942/mo property income against a $3,549/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98358, Nordland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 675 (100%) |
| Owner Occupied HU | 415 (61.5%) |
| Renter Occupied HU | 68 (10.1%) |
| Vacant Housing Units | 192 (28.4%) |
| Median Home Value | $802,206 |
| Average Home Value | $844,428 |
Housing Distribution
Address Breakdown
Residential
462
Single Family
462
Multi-Family
0
Businesses
20
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robyn Garing • Windermere R.E. Port Townsend
Mls Name: NWMLS
Mls ID: #2437101