221 Madrona RoadNordlandWA98358
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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 Nordland at 221 Madrona Road, Nordland, WA, 98358 with 5% annual appreciation on a $1,195,000 basis while $2,870/mo rent supports operations. Equity gained on principal adds $7,711/yr, and five-year appreciation sums $330,156 alongside rental yield of 2.88%. Five-year ROI measures 33.28% and total cumulative return in cash totals $128,870. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,870/mo property income versus a $5,849/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1984
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98358, Nordland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 675 (100%) |
| Owner Occupied HU | 415 (61.5%) |
| Renter Occupied HU | 68 (10.1%) |
| Vacant Housing Units | 192 (28.4%) |
| Median Home Value | $802,206 |
| Average Home Value | $844,428 |
Housing Distribution
Address Breakdown
Residential
462
Single Family
462
Multi-Family
0
Businesses
20
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Listed by: Janet L. Garing • Windermere R.E. Port Townsend
Mls Name: NWMLS
Mls ID: #2425991