1703 259th PlaceOcean ParkWA98640
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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 Park at 1703 259th Place, Ocean Park, WA, 98640 earns $475/mo cash flow from $2,008/mo rent with a $1,248/mo payment. Total monthly income totals $2,008/mo, and annual cash flow totals $5,704/yr on $84,499 capital. ROI tracks 26.66% on current figures, and rental yield reads 9.45% at a $254,900 purchase. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,424 over five years. Five-year ROI reaches 138.83% and total cumulative return in cash sums $117,312. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,008/mo property income instead of your personal income.
Single Family
Built in 1910
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98640, Ocean Park, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,535 (100%) |
| Owner Occupied HU | 2,393 (43.2%) |
| Renter Occupied HU | 399 ( 7.2%) |
| Vacant Housing Units | 2,743 (49.6%) |
| Median Home Value | $406,143 |
| Average Home Value | $484,592 |
Housing Distribution
Address Breakdown
Residential
2,154
Single Family
2,112
Multi-Family
42
Businesses
114
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Listed by: Leslie Brophy • Century 21 Pacific Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2434736
Disclaimer: Based on information submitted to the MLS GRID as of 2025-12-20 02:54:10 PST. 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)