1600 W Ocean Avenue #421WestportWA98595
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 Westport at 1600 W Ocean Avenue #421, Westport, WA, 98595 earns from $2,240/mo rent with a $2,080/mo payment. Total monthly income totals $2,240/mo. ROI tracks 17.23% on current figures, and rental yield reads 6.32% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 88.25% and total cumulative return in cash sums $124,337. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,240/mo property income instead of your personal income.
Condo
Built in 2000
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Todd • Windermere R.E. Westport
Mls Name: NWMLS
Mls ID: #2370282