221 North Bay Lane #2Port LudlowWA98365
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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 Ludlow at 221 North Bay Lane #2, Port Ludlow, WA, 98365 earns $983/mo cash flow from $3,922/mo rent with a $2,393/mo payment. Total monthly income totals $3,922/mo, and annual cash flow totals $11,795/yr on $162,104 capital. ROI tracks 27.19% on current figures, and rental yield reads 9.62% at a $489,000 purchase. Equity gained on principal adds $3,155/yr, and 5% annual appreciation supports $135,102 over five years. Five-year ROI reaches 141.61% and total cumulative return in cash sums $229,558. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,922/mo property income instead of your personal income.
Condo
Built in 1973
91.48 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98365, Port Ludlow, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,308 (100%) |
| Owner Occupied HU | 2,438 (73.7%) |
| Renter Occupied HU | 260 ( 7.9%) |
| Vacant Housing Units | 610 (18.4%) |
| Median Home Value | $664,991 |
| Average Home Value | $723,065 |
Housing Distribution
Address Breakdown
Residential
2,857
Single Family
2,839
Multi-Family
18
Businesses
113
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Listed by: Jim Ritchie • John L. Scott Port Ludlow
Mls Name: NWMLS
Mls ID: #2416315