27111 N PlaceOcean 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 27111 N Place, Ocean Park, WA, 98640 uses $132,534 cash to close to unlock $1,327/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $2,514/mo, and a $1,957/mo payment keeps the spread at $111/mo. Purchase price stands at $399,800, and rental yield measures 7.55% with $2,514/mo rent. Return on cash invested shows 20.91% in year one, and 5% annual appreciation builds toward $110,457 over five years. Five-year ROI reaches 107.98% and total cumulative return in cash records $143,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,514/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1940
10,018 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: Wendy Buell • Lighthouse Realty
Mls Name: NWMLS
Mls ID: #2444827