2107 Driftwood PlacePort AngelesWA98363
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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 Port Angeles at 2107 Driftwood Place, Port Angeles, WA, 98363 offers a 7.25% rental yield on a $485,000 purchase with $2,930/mo rent. Total monthly income registers $2,930/mo, and a $2,374/mo payment leaves $14/mo available for distribution. Annual cash flow reaches $173/yr on $160,778 to close, and return on cash invested stands at 20.02% in year one. Equity gained on principal adds $3,130/yr while 5% annual appreciation supports $133,997 over five years. Portfolio math shows five-year ROI at 103.2% and total cumulative return in cash at $165,926. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,930/mo property income against a $2,374/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
9,430 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98363, Port Angeles, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,951 (100%) |
| Owner Occupied HU | 4,476 (64.4%) |
| Renter Occupied HU | 1,538 (22.1%) |
| Vacant Housing Units | 937 (13.5%) |
| Median Home Value | $444,715 |
| Average Home Value | $556,119 |
Housing Distribution
Address Breakdown
Residential
6,088
Single Family
5,929
Multi-Family
159
Businesses
182
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Listed by: Ruth Gribbin-Schmitt • Coldwell Banker Best Homes
Mls Name: NWMLS
Mls ID: #2417529