205 Makah StreetLopez IslandWA98221
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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 Lopez Island at 205 Makah Street, Lopez Island, WA, 98221 offers $2,640/mo rent that, after a $2,619/mo payment. Total monthly income is $2,640/mo. Return on cash invested measures 16.13% in year one, and rental yield stands at 5.92% at a $535,000 entry. Equity gained on principal adds $3,452/yr while 5% annual appreciation compounds into $147,811 by year five. Five-year ROI records 82.31% and total cumulative return in cash reaches $144,880. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $2,619/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98221, Anacortes, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,541 (100%) |
| Owner Occupied HU | 7,842 (62.5%) |
| Renter Occupied HU | 2,828 (22.6%) |
| Vacant Housing Units | 1,871 (14.9%) |
| Median Home Value | $782,913 |
| Average Home Value | $885,649 |
Housing Distribution
Address Breakdown
Residential
10,561
Single Family
10,085
Multi-Family
476
Businesses
1,026
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Listed by: Stephanie Zipperer • John L. Scott RE Cle Elum
Mls Name: NWMLS
Mls ID: #2419842