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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Bainbridge Island at 1981 NE Willow Avenue, Bainbridge Island, WA, 98110 generates $5,807/mo in rent, after a $7,954/mo payment. Total monthly income is $5,807/mo. Return on cash invested sits at 11.34% in year one, and rental yield is 4.29% on a $1,625,000 entry. Equity gained on principal adds $10,486/yr, while 5% annual appreciation builds toward $448,958 over five years. Five-year ROI reaches 56.56% and total cumulative return in cash sums $297,784. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,807/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98110, Bainbridge Island, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,365 (100%) |
| Owner Occupied HU | 8,203 (72.2%) |
| Renter Occupied HU | 2,069 (18.2%) |
| Vacant Housing Units | 1,093 ( 9.6%) |
| Median Home Value | $1,125,533 |
| Average Home Value | $1,245,027 |
Residential
10,826
Single Family
9,449
Multi-Family
1,377
Businesses
1,128
Date | Event | Price |
|---|---|---|
| 2025-04-23 | Listed for sale | $1,625,000 |
| 2023-04-07 | Sold | $1,454,000 |
| 2023-03-25 | Pending sale | $1,359,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | $10710.88 | 4.68% | $1,359,830 | N/A |
| 2023-04-24 | $10232.22 | -4.40% | $1,359,830 | N/A |
| 2022-04-24 | $10702.60 | 11.68% | $1,359,830 | 31.22% |
Listed by: Jennifer Pells • Windermere RE Bainbridge
Mls Name: NWMLS
Mls Provider:
Mls ID: #2361857
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
