1540 Lake DrCamano IslandWA98282
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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 Camano Island at 1540 Lake Dr, Camano Island, WA, 98282 listed at $399,999 pairs $2,870/mo rent with a $1,958/mo payment to leave $465/mo cash flow. Total monthly income runs $2,870/mo, and annual cash flow reaches $5,584/yr on $132,600 cash to close. Return on cash invested measures 24.12% in year one, and rental yield registers 8.61% at a $399,999 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,512 by year five. Five-year ROI tracks 125.2% and total cumulative return in cash totals $166,011. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,870/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1986
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98282, Camano Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,290 (100%) |
| Owner Occupied HU | 6,973 (75.1%) |
| Renter Occupied HU | 783 ( 8.4%) |
| Vacant Housing Units | 1,534 (16.5%) |
| Median Home Value | $707,964 |
| Average Home Value | $776,745 |
Housing Distribution
Address Breakdown
Residential
8,154
Single Family
8,154
Multi-Family
0
Businesses
108
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Listed by: Gurjeet Birk • Green Path Real Estate
Mls Name: NWMLS
Mls ID: #2460587