2568 Myra PlaceLangleyWA98260
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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 Langley at 2568 Myra Place, Langley, WA, 98260 offers a 7.36% rental yield on a $565,000 purchase with $3,463/mo rent. Total monthly income registers $3,463/mo, and a $2,765/mo payment leaves $67/mo available for distribution. Annual cash flow reaches $805/yr on $185,885 to close, and return on cash invested stands at 20.49% in year one. Equity gained on principal adds $3,646/yr while 5% annual appreciation supports $156,099 over five years. Portfolio math shows five-year ROI at 105.73% and total cumulative return in cash at $196,527. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,463/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
10,175 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98260, Langley, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,557 (100%) |
| Owner Occupied HU | 2,282 (64.2%) |
| Renter Occupied HU | 569 (16.0%) |
| Vacant Housing Units | 706 (19.8%) |
| Median Home Value | $759,660 |
| Average Home Value | $854,477 |
Housing Distribution
Address Breakdown
Residential
2,798
Single Family
2,798
Multi-Family
0
Businesses
258
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Listed by: Barbara Taylor • South Island Properties
Mls Name: NWMLS
Mls ID: #2389316