1941 NE Blacksmith DriveBelfairWA98528
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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 Belfair at 1941 NE Blacksmith Drive, Belfair, WA, 98528 uses $159,120 cash to close to unlock $3,732/yr annual cash flow and $311/mo monthly cash flow. Total monthly income runs $3,196/mo, and a $2,349/mo payment keeps the spread at $311/mo. Purchase price stands at $480,000, and rental yield measures 7.99% with $3,196/mo rent. Return on cash invested shows 22.25% in year one, and 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 115.17% and total cumulative return in cash records $183,257. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,196/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Single Family
Built in 1997
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98528, Belfair, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,756 (100%) |
| Owner Occupied HU | 3,649 (63.4%) |
| Renter Occupied HU | 889 (15.4%) |
| Vacant Housing Units | 1,218 (21.2%) |
| Median Home Value | $506,882 |
| Average Home Value | $546,835 |
Housing Distribution
Address Breakdown
Residential
4,036
Single Family
4,035
Multi-Family
1
Businesses
421
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Listed by: Carly McGraw • Keller Williams Greater 360
Mls Name: NWMLS
Mls ID: #2437104