1602 Latitude CircleAnacortesWA98221
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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
Rental property for sale in Anacortes at 1602 Latitude Circle, Anacortes, WA, 98221 generates $4,942/mo in rent, after a $6,461/mo payment. Total monthly income is $4,942/mo. Return on cash invested sits at 11.97% in year one, and rental yield is 4.49% on a $1,320,000 entry. Equity gained on principal adds $8,518/yr, while 5% annual appreciation builds toward $364,692 over five years. Five-year ROI reaches 59.94% and total cumulative return in cash sums $256,339. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,942/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
7,779 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98221, Anacortes, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,541 (100%) |
| Owner Occupied HU | 7,842 (62.5%) |
| Renter Occupied HU | 2,828 (22.6%) |
| Vacant Housing Units | 1,871 (14.9%) |
| Median Home Value | $782,913 |
| Average Home Value | $885,649 |
Housing Distribution
Address Breakdown
Residential
10,561
Single Family
10,085
Multi-Family
476
Businesses
1,026
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Listed by: Sarah Arrington • HomeSmart Real Estate Assoc
Mls Name: NWMLS
Mls ID: #2414937