2640 Queets AvenueHoquiamWA98550
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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 Hoquiam at 2640 Queets Avenue, Hoquiam, WA, 98550 listed at $299,950 pairs $2,274/mo rent with a $1,468/mo payment to leave $471/mo cash flow. Total monthly income runs $2,274/mo, and annual cash flow reaches $5,653/yr on $99,433 cash to close. Return on cash invested measures 25.59% in year one, and rental yield registers 9.1% at a $299,950 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,871 by year five. Five-year ROI tracks 133.13% and total cumulative return in cash totals $132,380. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,274/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98550, Hoquiam, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,293 (100%) |
| Owner Occupied HU | 3,018 (57.0%) |
| Renter Occupied HU | 1,734 (32.8%) |
| Vacant Housing Units | 541 (10.2%) |
| Median Home Value | $262,970 |
| Average Home Value | $317,287 |
Housing Distribution
Address Breakdown
Residential
4,674
Single Family
4,327
Multi-Family
347
Businesses
346
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Listed by: Victoria Begley • CENTURY 21 Real Estate Center
Mls Name: NWMLS
Mls ID: #2423658