247 Bass Avenue NEOcean ShoresWA98569
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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 Shores at 247 Bass Avenue NE, Ocean Shores, WA, 98569 with 5% annual appreciation on a $299,000 basis while $2,282/mo rent supports operations. Total monthly income totals $2,282/mo and a $1,463/mo payment preserves $485/mo for cash returns. Annual cash flow comes to $5,821/yr on $99,119 deployed, and return on cash invested reaches 25.78% in year one. Equity gained on principal adds $1,929/yr, and five-year appreciation sums $82,608 alongside rental yield of 9.16%. Five-year ROI measures 134.15% and total cumulative return in cash totals $132,970.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,282/mo property income versus a $1,463/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98569, Ocean Shores, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,041 (100%) |
| Owner Occupied HU | 3,028 (50.1%) |
| Renter Occupied HU | 751 (12.4%) |
| Vacant Housing Units | 2,262 (37.4%) |
| Median Home Value | $437,696 |
| Average Home Value | $590,386 |
Housing Distribution
Address Breakdown
Residential
3,837
Single Family
3,719
Multi-Family
118
Businesses
234
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Listed by: Ryan Reynolds • WEICHERT, Realtors Reynolds RE
Mls Name: NWMLS
Mls ID: #2464666