20156 Vikings Crest NE #7-304, Poulsbo, WA, 98370 | $787/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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20156 Vikings Crest NE #7-304, Poulsbo, WA, 98370 | $787/mo Cash Flow | Ziffy

For Sale

Listed for sale 7 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Poulsbo at 20156 Vikings Crest NE #7-304, Poulsbo, WA, 98370 listed at $250,000 pairs $2,290/mo rent with a $1,224/mo payment to leave $787/mo cash flow. Total monthly income runs $2,290/mo, and annual cash flow reaches $9,442/yr on $82,875 cash to close. Return on cash invested measures 31.3% in year one, and rental yield registers 10.99% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 163.7% and total cumulative return in cash totals $135,670. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,290/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1984

N/A lot

$N/A/sqft

No HOA

More details about the property

Step into this bright and inviting 1-bed 1-bath condo featuring a wood-burning fireplace that adds cozy charm for relaxing evenings. The kitchen and dining area are filled with natural light and have tile floors, while the rest of the home has comfortable carpeting. The dining area opens to a private patio, ideal for pets or enjoying some fresh air. Viking Crest offers resort-style amenities including a fitness center, sauna, pool, clubhouse, and e-car charging stations. Walk to Poulsbos quaint downtown shops, restaurants, and waterfront. Quick access to Bainbridge Islands ferry to Seattle or the fast Kingston ferry makes commuting simple. HOA covers everything except power and internet, offering easy living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98370, Poulsbo, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,032 (100%)
Owner Occupied HU	10,290 (73.3%)
Renter Occupied HU	2,940 (21.0%)
Vacant Housing Units	802 ( 5.7%)
Median Home Value	$673,548
Average Home Value	$750,933