2691 State Route 109Ocean CityWA98569
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 City at 2691 State Route 109, Ocean City, WA, 98569 uses $128,954 cash to close to unlock $7,819/yr annual cash flow and $652/mo monthly cash flow. Total monthly income runs $2,990/mo, and a $1,904/mo payment keeps the spread at $652/mo. Purchase price stands at $389,000, and rental yield measures 9.22% with $2,990/mo rent. Return on cash invested shows 25.97% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 135.13% and total cumulative return in cash records $174,258. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,990/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.26 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: Deana J. Evans-Jacka • Coldwell Banker Ocean Shores
Mls Name: NWMLS
Mls ID: #2451508