24523 L LnOcean 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 24523 L Ln, Ocean Park, WA, 98640 generates $2,766/mo in rent and, after a $1,998/mo payment, leaves $286/mo in cash flow. Total monthly income is $2,766/mo, and annual cash flow is $3,426/yr on $135,351 invested. Return on cash invested sits at 22.44% in year one, and rental yield is 8.13% on a $408,300 entry. Equity gained on principal adds $2,635/yr, while 5% annual appreciation builds toward $112,806 over five years. Five-year ROI reaches 116.28% and total cumulative return in cash sums $157,386. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,766/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
1.43 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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