174 E Dry Lake RoadCamano IslandWA98282
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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 Camano Island at 174 E Dry Lake Road, Camano Island, WA, 98282 earns from $4,805/mo rent with a $4,376/mo payment. Total monthly income totals $4,805/mo. ROI tracks 17.74% on current figures, and rental yield reads 6.45% at a $894,000 purchase. Equity gained on principal adds $5,769/yr, and 5% annual appreciation supports $246,996 over five years. Five-year ROI reaches 90.92% and total cumulative return in cash sums $267,432. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,805/mo property income instead of your personal income.
Single Family
Built in 2009
2.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98282, Camano Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,290 (100%) |
| Owner Occupied HU | 6,973 (75.1%) |
| Renter Occupied HU | 783 ( 8.4%) |
| Vacant Housing Units | 1,534 (16.5%) |
| Median Home Value | $707,964 |
| Average Home Value | $776,745 |
Housing Distribution
Address Breakdown
Residential
8,154
Single Family
8,154
Multi-Family
0
Businesses
108
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Listed by: Kimberley "ALEX" Thomas • Realogics Sotheby's Int'l Rlty
Mls Name: NWMLS
Mls ID: #2412168