24604 Gile 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
Investment property for sale in Ocean Park at 24604 Gile Place, Ocean Park, WA, 98640 uses $99,119 cash to close to unlock $4,909/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $2,206/mo, and a $1,463/mo payment keeps the spread at $409/mo. Purchase price stands at $299,000, and rental yield measures 8.85% with $2,206/mo rent. Return on cash invested shows 24.86% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 129.2% and total cumulative return in cash records $128,062. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,206/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Manufactured
Built in 1987
8,398 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: Jamye A. Lucier • Century 21 Pacific Realty
Mls Name: NWMLS
Mls ID: #2416394