18509 1st Avenue NESuquamishWA98392
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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 Suquamish at 18509 1st Avenue NE, Suquamish, WA, 98392 offers a 6.54% rental yield on a $429,000 purchase with $2,338/mo rent. 88% in year one. Equity gained on principal adds $2,768/yr while 5% annual appreciation supports $118,525 over five years. Portfolio math shows five-year ROI at 91.7% and total cumulative return in cash at $130,405. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,338/mo property income against a $2,100/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98392, Suquamish, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,419 (100%) |
| Owner Occupied HU | 1,032 (72.7%) |
| Renter Occupied HU | 281 (19.8%) |
| Vacant Housing Units | 106 ( 7.5%) |
| Median Home Value | $707,801 |
| Average Home Value | $803,544 |
Housing Distribution
Address Breakdown
Residential
1,086
Single Family
1,086
Multi-Family
0
Businesses
69
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Listed by: Jennie Herrmann • Windermere RE Bainbridge
Mls Name: NWMLS
Mls ID: #2452931