223 Alnus WayBremertonWA98310
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSolid fundamentals define the investment case at 223 Alnus Way, Bremerton, WA, 98310 in Bremerton: $3,150/mo in rent, $295/mo in net income, 7.96% gross yield, 1.47 DSCR, all at $475,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $131,234 in appreciation and $4,375/yr in principal paydown projects total cumulative return of $198,710.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 5.2% |
| Monthly Cash Flow | $295 | $450 |
City averages based on Bremerton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,150 |
| Total Monthly Debt Service | $2,666 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1966
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98310, Bremerton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,210 (100%) |
| Owner Occupied HU | 5,019 (49.2%) |
| Renter Occupied HU | 4,417 (43.3%) |
| Vacant Housing Units | 774 ( 7.6%) |
| Median Home Value | $495,092 |
| Average Home Value | $556,002 |
Housing Distribution
Address Breakdown
Residential
9,503
Single Family
8,241
Multi-Family
1,262
Businesses
529
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1966
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98310, Bremerton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,210 (100%) |
| Owner Occupied HU | 5,019 (49.2%) |
| Renter Occupied HU | 4,417 (43.3%) |
| Vacant Housing Units | 774 ( 7.6%) |
| Median Home Value | $495,092 |
| Average Home Value | $556,002 |
Housing Distribution
Address Breakdown
Residential
9,503
Single Family
8,241
Multi-Family
1,262
Businesses
529
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jay Karlin • RE/MAX Northwest
Mls Name: NWMLS
Mls ID: #2428612