1642 Lorraine WayPort TownsendWA98368
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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 Port Townsend at 1642 Lorraine Way, Port Townsend, WA, 98368 offers a 5.86% rental yield on a $589,950 purchase with $2,880/mo rent. 94% in year one. Equity gained on principal adds $3,807/yr while 5% annual appreciation supports $162,992 over five years. Portfolio math shows five-year ROI at 81.3% and total cumulative return in cash at $157,788. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,880/mo property income against a $2,888/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,283 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98368, Port Townsend, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,645 (100%) |
| Owner Occupied HU | 6,530 (67.7%) |
| Renter Occupied HU | 2,204 (22.9%) |
| Vacant Housing Units | 911 ( 9.4%) |
| Median Home Value | $629,669 |
| Average Home Value | $704,278 |
Housing Distribution
Address Breakdown
Residential
8,413
Single Family
7,861
Multi-Family
552
Businesses
953
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Listed by: Jaclyn Daum • Lennar Sales Corp.
Mls Name: NWMLS
Mls ID: #2461659