245 Eklund AvenueHoquiamWA98550
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
Investment Highlights
Rental property for sale in Hoquiam at 245 Eklund Avenue, Hoquiam, WA, 98550 priced at $243,000 converts $1,824/mo rent into $364/mo cash flow after a $1,189/mo obligation. Total monthly income equals $1,824/mo, and annual cash flow totals $4,364/yr on $80,555 invested. Return on cash invested prints 25.33% in year one, and rental yield reads 9.01% against a $243,000 entry. Equity gained on principal adds $1,568/yr, while 5% annual appreciation compiles into $67,136 by year five. Five-year ROI reaches 131.67% and total cumulative return in cash sums $106,064. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,824/mo property income covering a $1,189/mo payment, not borrower’s personal income.
Single Family
Built in 1922
5,188 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Keegan Burmark • Adelbern Real Estate LLC
Mls Name: NWMLS
Mls ID: #2458052