1600 W Ocean Avenue #234WestportWA98595
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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 Westport at 1600 W Ocean Avenue #234, Westport, WA, 98595 offers a 4.48% rental yield on a $450,000 purchase with $1,680/mo rent. 66% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 58.39% and total cumulative return in cash at $87,102. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,680/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98595, Westport, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,060 (100%) |
| Owner Occupied HU | 944 (45.8%) |
| Renter Occupied HU | 504 (24.5%) |
| Vacant Housing Units | 612 (29.7%) |
| Median Home Value | $357,736 |
| Average Home Value | $376,144 |
Housing Distribution
Address Breakdown
Residential
377
Single Family
377
Multi-Family
0
Businesses
127
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Listed by: Nadia Schmieder • BetterHomes&GardensRE Macy&Co.
Mls Name: NWMLS
Mls ID: #2428013