215 Ontario Street, Hoquiam, WA, 98550 | $202/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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215 Ontario Street, Hoquiam, WA, 98550 | $202/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Hoquiam at 215 Ontario Street, Hoquiam, WA, 98550 with 5% annual appreciation on a $380,000 basis while $2,486/mo rent supports operations. Total monthly income totals $2,486/mo and a $1,860/mo payment preserves $202/mo for cash returns. Annual cash flow comes to $2,420/yr on $125,970 deployed, and return on cash invested reaches 21.83% in year one. Equity gained on principal adds $2,452/yr, and five-year appreciation sums $104,987 alongside rental yield of 7.85%. Five-year ROI measures 112.91% and total cumulative return in cash totals $142,237.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,486/mo property income versus a $1,860/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1950

0.31 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautifully updated 1950 midcentury home on a rare double corner lot! This spacious 1,996 sq ft single-story features 4 bedrooms, 1.5 baths, and tons of natural light from oversized windows throughout. The private primary bedroom offers peaceful backyard views, while the kitchen includes ample storage and newer matching appliances. Enjoy recent updates like a newer HVAC system, tankless water heater, vinyl plank flooring, and fresh paint. Step outside to a fully fenced yard with 6-foot privacy fencing, a large patio, RV parking, and a 2-car garageperfect for relaxing or entertaining. Located just minutes from Ocean Shores and Seabrook, this home offers timeless style, space, and unbeatable access to beaches, dining, and coastal adventures.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98550, Hoquiam, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,293 (100%)
Owner Occupied HU	3,018 (57.0%)
Renter Occupied HU	1,734 (32.8%)
Vacant Housing Units	541 (10.2%)
Median Home Value	$262,970
Average Home Value	$317,287