222 W. Third StreetPort AngelesWA98362
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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
Rental property for sale in Port Angeles at 222 W. Third Street, Port Angeles, WA, 98362 priced at $390,000 converts $2,540/mo rent into $196/mo cash flow after a $1,909/mo obligation. Total monthly income equals $2,540/mo, and annual cash flow totals $2,346/yr on $129,285 invested. Return on cash invested prints 21.72% in year one, and rental yield reads 7.82% against a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 112.35% and total cumulative return in cash sums $145,256. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,540/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Single Family
Built in 1915
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98362, Port Angeles, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,827 (100%) |
| Owner Occupied HU | 7,777 (65.8%) |
| Renter Occupied HU | 3,219 (27.2%) |
| Vacant Housing Units | 831 ( 7.0%) |
| Median Home Value | $514,436 |
| Average Home Value | $587,374 |
Housing Distribution
Address Breakdown
Residential
10,887
Single Family
9,999
Multi-Family
888
Businesses
1,355
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Listed by: E Michael McAleer • RE/MAX Prime
Mls Name: NWMLS
Mls ID: #2416640