198 NW Columbia DriveOak HarborWA98277
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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 Oak Harbor at 198 NW Columbia Drive, Oak Harbor, WA, 98277 priced at $480,000 pairs $3,022/mo rent with $137/mo cash flow after a $2,349/mo payment. Total monthly income equals $3,022/mo, and annual cash flow comes to $1,644/yr on $159,120 invested. Return on cash invested is 20.94% in year one, and rental yield stands at 7.56% on a $480,000 basis. Equity gained on principal adds $3,097/yr, and 5% annual appreciation accumulates to $132,615 by year five. Five-year ROI measures 108.14% and total cumulative return in cash reaches $172,073. For financing, Ziffy Mortgage’s DSCR program evaluates $3,022/mo property income against a $2,349/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98277, Oak Harbor, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,793 (100%) |
| Owner Occupied HU | 10,670 (60.0%) |
| Renter Occupied HU | 6,063 (34.1%) |
| Vacant Housing Units | 1,060 ( 6.0%) |
| Median Home Value | $508,169 |
| Average Home Value | $585,098 |
Housing Distribution
Address Breakdown
Residential
16,785
Single Family
15,582
Multi-Family
1,203
Businesses
983
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Listed by: Cathy Kouloumoundras • Coldwell Banker 360 Team
Mls Name: NWMLS
Mls ID: #2404531