24502 V LaneOcean 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
Investment property for sale in Ocean Park at 24502 V Lane, Ocean Park, WA, 98640 offers a 9.3% rental yield on a $227,500 purchase with $1,763/mo rent. Total monthly income registers $1,763/mo, and a $1,114/mo payment leaves $396/mo available for distribution. Annual cash flow reaches $4,752/yr on $75,416 to close, and return on cash invested stands at 26.21% in year one. Equity gained on principal adds $1,468/yr while 5% annual appreciation supports $62,854 over five years. Portfolio math shows five-year ROI at 136.4% and total cumulative return in cash at $102,866. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,763/mo property income against a $1,114/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1999
7,405 sqft 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: Leslie Brophy • Century 21 Pacific Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2316631
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)