2693 State Rt 101IlwacoWA98624
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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 Ilwaco at 2693 State Rt 101, Ilwaco, WA, 98624 offers a 6.41% rental yield on a $584,000 purchase with $3,120/mo rent. 62% in year one. Equity gained on principal adds $3,768/yr while 5% annual appreciation supports $161,348 over five years. Portfolio math shows five-year ROI at 90.31% and total cumulative return in cash at $173,512. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,120/mo property income against a $2,858/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
6.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98624, Ilwaco, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 712 (100%) |
| Owner Occupied HU | 418 (58.7%) |
| Renter Occupied HU | 153 (21.5%) |
| Vacant Housing Units | 141 (19.8%) |
| Median Home Value | $453,061 |
| Average Home Value | $603,678 |
Housing Distribution
Address Breakdown
Residential
132
Single Family
132
Multi-Family
0
Businesses
88
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Listed by: Crystal Lynn Neprud • Realty One Group Pacifica
Mls Name: NWMLS
Mls ID: #2419196