230 Gem Farm LaneLopez IslandWA98261
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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 Lopez Island at 230 Gem Farm Lane, Lopez Island, WA, 98261 listed at $1,585,000 pairs $2,489/mo rent with a $7,758/mo payment. Total monthly income runs $2,489/mo. Return on cash invested measures 3.92% in year one, and rental yield registers 1.88% at a $1,585,000 basis. Equity gained on principal adds $10,228/yr, and annual property appreciation at 5% supports $437,906 by year five. Five-year ROI tracks 16.78% and total cumulative return in cash totals $86,170. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,489/mo property income relative to a $7,758/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98261, Lopez Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,440 (100%) |
| Owner Occupied HU | 1,104 (45.2%) |
| Renter Occupied HU | 298 (12.2%) |
| Vacant Housing Units | 1,038 (42.5%) |
| Median Home Value | $837,209 |
| Average Home Value | $1,005,426 |
Housing Distribution
Address Breakdown
Residential
1,419
Single Family
1,403
Multi-Family
16
Businesses
193
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Listed by: Gregory King • Windermere RE San Juan Island
Mls Name: NWMLS
Mls ID: #2370134