23 Fairbreeze, Port Townsend, WA, 98368 | 5.69% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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23 Fairbreeze, Port Townsend, WA, 98368 | 5.69% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Port Townsend at 23 Fairbreeze, Port Townsend, WA, 98368 with 5% annual appreciation on a $649,000 basis while $3,080/mo rent supports operations. 44% in year one. Equity gained on principal adds $4,188/yr, and five-year appreciation sums $179,307 alongside rental yield of 5.69%. Five-year ROI measures 78.63% and total cumulative return in cash totals $167,892. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,080/mo property income versus a $3,177/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1995

0.41 Acres lot

$N/A/sqft

No HOA

More details about the property

Bright and inviting! Single level, 3 bdrm 2 bath home, privately situated on just shy of a 1/2 acre in the lovely community of Kala Point. Light-filled with many windows overlooking a serene, landscaped yard. Mature trees put on a colorful show in the fall. The floor plan is AMAZING! -with a propane fire place in the living area and open concept living/kitchen- perfect for gathering. Master Suite includes a walk in closet & master bath. 3 sliding glass doors give access to outside decks. Large mud room/laundry room. Impeccably maintained with a newer roof, concrete drive way & raised garden beds. Kala Point Amenities include: clubhouse, pool, kayak storage, private beach and dock, Tennis, Pickle ball courts and RV storage.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98368, Port Townsend, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,645 (100%)
Owner Occupied HU	6,530 (67.7%)
Renter Occupied HU	2,204 (22.9%)
Vacant Housing Units	911 ( 9.4%)
Median Home Value	$629,669
Average Home Value	$704,278