20215 Crane PlaceOcean ParkWA98640
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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 Ocean Park at 20215 Crane Place, Ocean Park, WA, 98640 earns $366/mo cash flow from $1,562/mo rent with a $974/mo payment. Total monthly income totals $1,562/mo, and annual cash flow totals $4,389/yr on $65,969 capital. ROI tracks 26.56% on current figures, and rental yield reads 9.42% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 138.29% and total cumulative return in cash sums $91,230. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,562/mo property income instead of your personal income.
Manufactured
Built in 1983
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98640, Ocean Park, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,535 (100%) |
| Owner Occupied HU | 2,393 (43.2%) |
| Renter Occupied HU | 399 ( 7.2%) |
| Vacant Housing Units | 2,743 (49.6%) |
| Median Home Value | $406,143 |
| Average Home Value | $484,592 |
Housing Distribution
Address Breakdown
Residential
2,154
Single Family
2,112
Multi-Family
42
Businesses
114
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Listed by: Kimberly K. Smith • Lighthouse Realty
Mls Name: NWMLS
Mls ID: #2439249