24409 Elm PlaceOcean ParkWA98640
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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 Ocean Park at 24409 Elm Place, Ocean Park, WA, 98640 generates $2,293/mo in rent and, after a $1,561/mo payment, leaves $376/mo in cash flow. Total monthly income is $2,293/mo, and annual cash flow is $4,509/yr on $105,749 invested. Return on cash invested sits at 24.17% in year one, and rental yield is 8.63% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 125.46% and total cumulative return in cash sums $132,673. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,293/mo property income rather than buyer’s personal income.
Manufactured
Built in 1995
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98640, Ocean Park, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,535 (100%) |
| Owner Occupied HU | 2,393 (43.2%) |
| Renter Occupied HU | 399 ( 7.2%) |
| Vacant Housing Units | 2,743 (49.6%) |
| Median Home Value | $406,143 |
| Average Home Value | $484,592 |
Housing Distribution
Address Breakdown
Residential
2,154
Single Family
2,112
Multi-Family
42
Businesses
114
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Listed by: Kenny Osborne • Century 21 Pacific Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2361553
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)