193 Marine View Drive SEOcean ShoresWA98569
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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 Ocean Shores at 193 Marine View Drive SE, Ocean Shores, WA, 98569 priced at $668,000 converts $2,594/mo rent into after a $3,270/mo obligation. Total monthly income equals $2,594/mo. Return on cash invested prints 12.3% in year one, and rental yield reads 4.66% against a $668,000 entry. Equity gained on principal adds $4,311/yr, while 5% annual appreciation compiles into $184,556 by year five. Five-year ROI reaches 61.77% and total cumulative return in cash sums $135,757. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,594/mo property income covering a $3,270/mo payment, not borrower’s personal income.
Single Family
Built in 2017
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98569, Ocean Shores, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,041 (100%) |
| Owner Occupied HU | 3,028 (50.1%) |
| Renter Occupied HU | 751 (12.4%) |
| Vacant Housing Units | 2,262 (37.4%) |
| Median Home Value | $437,696 |
| Average Home Value | $590,386 |
Housing Distribution
Address Breakdown
Residential
3,837
Single Family
3,719
Multi-Family
118
Businesses
234
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Listed by: Kevin Spivey • Spivey Realty Group, LLC
Mls Name: NWMLS
Mls ID: #2367415