209 Canal Drive SEOcean ShoresWA98569
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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 Ocean Shores at 209 Canal Drive SE, Ocean Shores, WA, 98569 offers $1,584/mo rent that, after a $1,458/mo payment. Total monthly income is $1,584/mo. Return on cash invested measures 17.4% in year one, and rental yield stands at 6.38% at a $297,900 entry. Equity gained on principal adds $1,922/yr while 5% annual appreciation compounds into $82,304 by year five. Five-year ROI records 89.17% and total cumulative return in cash reaches $88,057. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,584/mo property income versus a $1,458/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
9,173 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98569, Ocean Shores, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,041 (100%) |
| Owner Occupied HU | 3,028 (50.1%) |
| Renter Occupied HU | 751 (12.4%) |
| Vacant Housing Units | 2,262 (37.4%) |
| Median Home Value | $437,696 |
| Average Home Value | $590,386 |
Housing Distribution
Address Breakdown
Residential
3,837
Single Family
3,719
Multi-Family
118
Businesses
234
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Listed by: Addie Wenger • Windermere R.E. Ocean Shores
Mls Name: NWMLS
Mls ID: #2445768