1902 322nd PlaceOcean ParkWA98640
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Ocean Park rentals match the income profile of 1902 322nd Place, Ocean Park, WA, 98640. Listed at $183,000, gross rent is $1,817/mo and net cash flow is $658/mo, a 11.91% yield well above national averages. DSCR 2.21 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $50,560 by year five with $1,685/yr in annual principal reduction, projecting $111,920 in total cumulative return.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.2% |
| Monthly Cash Flow | $658 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,817 |
| Total Monthly Debt Service | $1,086 |
| DSCR Ratio | 1.67x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1989
0.31 Acres lot
$N/A/sqft
$700 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1989
0.31 Acres lot
$N/A/sqft
$700 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dan Russell • Lighthouse Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2319201
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 22:39:36 PDT. 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)