220 Canopy Path NWBainbridge IslandWA98110
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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 Bainbridge Island at 220 Canopy Path NW, Bainbridge Island, WA, 98110 with 5% annual appreciation on a $1,340,000 basis while $4,637/mo rent supports operations. 92% in year one. Equity gained on principal adds $8,647/yr, and five-year appreciation sums $370,217 alongside rental yield of 4.15%. Five-year ROI measures 54.31% and total cumulative return in cash totals $235,786. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,637/mo property income versus a $6,559/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2024
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98110, Bainbridge Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,365 (100%) |
| Owner Occupied HU | 8,203 (72.2%) |
| Renter Occupied HU | 2,069 (18.2%) |
| Vacant Housing Units | 1,093 ( 9.6%) |
| Median Home Value | $1,125,533 |
| Average Home Value | $1,245,027 |
Housing Distribution
Address Breakdown
Residential
10,826
Single Family
9,449
Multi-Family
1,377
Businesses
1,128
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Listed by: Anne Reichard • COMPASS
Mls Name: NWMLS
Mls ID: #2419813