24633 State Route 525GreenbankWA98253
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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 Greenbank at 24633 State Route 525, Greenbank, WA, 98253 listed at $524,900 pairs $3,726/mo rent with a $2,569/mo payment to leave $571/mo cash flow. Total monthly income runs $3,726/mo, and annual cash flow reaches $6,850/yr on $172,692 cash to close. Return on cash invested measures 24.03% in year one, and rental yield registers 8.52% at a $524,900 basis. Equity gained on principal adds $3,387/yr, and annual property appreciation at 5% supports $145,020 by year five. Five-year ROI tracks 124.65% and total cumulative return in cash totals $215,257. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,726/mo property income relative to a $2,569/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
31.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98253, Greenbank, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,465 (100%) |
| Owner Occupied HU | 897 (61.2%) |
| Renter Occupied HU | 127 ( 8.7%) |
| Vacant Housing Units | 441 (30.1%) |
| Median Home Value | $771,679 |
| Average Home Value | $832,196 |
Housing Distribution
Address Breakdown
Residential
1,095
Single Family
1,095
Multi-Family
0
Businesses
78
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Listed by: Annie Cash • Windermere Whidbey Island
Mls Name: NWMLS
Mls ID: #2423513