1738 Alliance AvenueFreelandWA98249
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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 Freeland at 1738 Alliance Avenue, Freeland, WA, 98249 offers a 7.3% rental yield on a $515,000 purchase with $3,133/mo rent. Total monthly income registers $3,133/mo, and a $2,521/mo payment leaves $37/mo available for distribution. Annual cash flow reaches $443/yr on $169,435 to close, and return on cash invested stands at 20.32% in year one. Equity gained on principal adds $3,323/yr while 5% annual appreciation supports $142,285 over five years. Portfolio math shows five-year ROI at 104.78% and total cumulative return in cash at $177,541. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,133/mo property income against a $2,521/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98249, Freeland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,080 (62.9%) |
| Renter Occupied HU | 403 (12.2%) |
| Vacant Housing Units | 823 (24.9%) |
| Median Home Value | $731,557 |
| Average Home Value | $844,078 |
Housing Distribution
Address Breakdown
Residential
2,673
Single Family
2,673
Multi-Family
0
Businesses
335
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Listed by: Jessica Hart • Windermere RE/South Whidbey
Mls Name: NWMLS
Mls ID: #2378160