1776 Compass Boulevard #24FreelandWA98249
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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 Freeland at 1776 Compass Boulevard #24, Freeland, WA, 98249 generates $3,127/mo in rent and, after a $2,496/mo payment, leaves $62/mo in cash flow. Total monthly income is $3,127/mo, and annual cash flow is $738/yr on $167,790 invested. Return on cash invested sits at 20.5% in year one, and rental yield is 7.36% on a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 105.75% and total cumulative return in cash sums $177,435. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,127/mo property income rather than buyer’s personal income.
Condo
Built in 2001
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: Ann Thornton • Windermere RE/South Whidbey
Mls Name: NWMLS
Mls ID: #2420299