1656 SW 24th AveOak HarborWA98277
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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 Oak Harbor at 1656 SW 24th Ave, Oak Harbor, WA, 98277 generates $3,520/mo in rent, after a $2,898/mo payment. Total monthly income is $3,520/mo. Return on cash invested sits at 19.74% in year one, and rental yield is 7.14% on a $592,000 entry. Equity gained on principal adds $3,820/yr, while 5% annual appreciation builds toward $163,559 over five years. Five-year ROI reaches 101.72% and total cumulative return in cash sums $198,116. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,520/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
6,442 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98277, Oak Harbor, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,793 (100%) |
| Owner Occupied HU | 10,670 (60.0%) |
| Renter Occupied HU | 6,063 (34.1%) |
| Vacant Housing Units | 1,060 ( 6.0%) |
| Median Home Value | $508,169 |
| Average Home Value | $585,098 |
Housing Distribution
Address Breakdown
Residential
16,785
Single Family
15,582
Multi-Family
1,203
Businesses
983
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Listed by: Stuart McNabb • Windermere Whidbey Island
Mls Name: NWMLS
Mls Provider:
Mls ID: #2411863
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-29 21:19:22 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)