2704 224th StOcean ParkWA98640
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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 Park at 2704 224th St, Ocean Park, WA, 98640 earns $386/mo cash flow from $1,582/mo rent with a $974/mo payment. Total monthly income totals $1,582/mo, and annual cash flow totals $4,629/yr on $65,969 capital. ROI tracks 26.93% on current figures, and rental yield reads 9.54% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 140.24% and total cumulative return in cash sums $92,514. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,582/mo property income instead of your personal income.
Manufactured
Built in 1997
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98640, Ocean Park, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,535 (100%) |
| Owner Occupied HU | 2,393 (43.2%) |
| Renter Occupied HU | 399 ( 7.2%) |
| Vacant Housing Units | 2,743 (49.6%) |
| Median Home Value | $406,143 |
| Average Home Value | $484,592 |
Housing Distribution
Address Breakdown
Residential
2,154
Single Family
2,112
Multi-Family
42
Businesses
114
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Listed by: Blake Nelson • Brantley Christianson Real Estate
Mls Name: RMLS (OR)
Mls ID: #235262774