165 Spruce Loop SWOcean ShoresWA98569
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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 Ocean Shores at 165 Spruce Loop SW, Ocean Shores, WA, 98569 offers a 8.61% rental yield on a $364,950 purchase with $2,617/mo rent. Total monthly income registers $2,617/mo, and a $1,786/mo payment leaves $423/mo available for distribution. Annual cash flow reaches $5,082/yr on $120,981 to close, and return on cash invested stands at 24.11% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,829 over five years. Portfolio math shows five-year ROI at 125.15% and total cumulative return in cash at $151,408. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,617/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
7,514 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98569, Ocean Shores, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,041 (100%) |
| Owner Occupied HU | 3,028 (50.1%) |
| Renter Occupied HU | 751 (12.4%) |
| Vacant Housing Units | 2,262 (37.4%) |
| Median Home Value | $437,696 |
| Average Home Value | $590,386 |
Housing Distribution
Address Breakdown
Residential
3,837
Single Family
3,719
Multi-Family
118
Businesses
234
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Listed by: Amy Maiello • eXp Realty
Mls Name: NWMLS
Mls ID: #2451134