24 O StreetHoquiamWA98550
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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 Hoquiam at 24 O Street, Hoquiam, WA, 98550 priced at $290,000 converts $2,366/mo rent into $623/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,366/mo, and annual cash flow totals $7,478/yr on $96,135 invested. Return on cash invested prints 27.69% in year one, and rental yield reads 9.79% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 144.36% and total cumulative return in cash sums $138,784. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,366/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1979
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98550, Hoquiam, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,293 (100%) |
| Owner Occupied HU | 3,018 (57.0%) |
| Renter Occupied HU | 1,734 (32.8%) |
| Vacant Housing Units | 541 (10.2%) |
| Median Home Value | $262,970 |
| Average Home Value | $317,287 |
Housing Distribution
Address Breakdown
Residential
4,674
Single Family
4,327
Multi-Family
347
Businesses
346
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Listed by: Desiree Lindgren • Windermere RE/Aberdeen
Mls Name: NWMLS
Mls ID: #2458582