191 Open SkiesNewportWA99156
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
Investment Highlights
Rental property for sale in Newport at 191 Open Skies, Newport, WA, 99156 priced at $249,000 converts $2,160/mo rent into $663/mo cash flow after a $1,219/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $7,955/yr on $82,544 invested. Return on cash invested prints 29.55% in year one, and rental yield reads 10.41% against a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation compiles into $68,794 by year five. Five-year ROI reaches 154.3% and total cumulative return in cash sums $127,364. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,219/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99156, Newport, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,995 (100%) |
| Owner Occupied HU | 2,913 (58.3%) |
| Renter Occupied HU | 805 (16.1%) |
| Vacant Housing Units | 1,277 (25.6%) |
| Median Home Value | $471,257 |
| Average Home Value | $500,637 |
Housing Distribution
Address Breakdown
Residential
3,215
Single Family
3,055
Multi-Family
160
Businesses
280
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Listed by: Everest Page-Gonzalez • Best Choice Realty
Mls Name: SMLS
Mls ID: #202521160