1510 144th LaneLong 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
Investment property for sale in Long Beach at 1510 144th Lane, Long Beach, WA, 98631 uses $111,053 cash to close to unlock $11,831/yr annual cash flow and $986/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $1,640/mo payment keeps the spread at $986/mo. Purchase price stands at $335,000, and rental yield measures 10.75% with $3,000/mo rent. Return on cash invested shows 30.56% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 159.74% and total cumulative return in cash records $177,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Manufactured
Built in 1994
0.31 Acres 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: Joni L. Pitts • Anchor Realty
Mls Name: NWMLS
Mls ID: #2374004