21014 Birch 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 21014 Birch Place, Ocean Park, WA, 98640 earns $200/mo cash flow from $1,823/mo rent with a $1,322/mo payment. Total monthly income totals $1,823/mo, and annual cash flow totals $2,394/yr on $89,505 capital. ROI tracks 22.58% on current figures, and rental yield reads 8.1% at a $270,000 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 over five years. Five-year ROI reaches 116.98% and total cumulative return in cash sums $104,701. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,823/mo property income instead of your personal income.
Manufactured
Built in 1989
7,405 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: Shelby Peterson • Windermere Northwest Living
Mls Name: NWMLS
Mls ID: #2412001