279 Parker Reef RoadEastsoundWA98245
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
Total monthly income runs $3,806/mo, and a $6,485/mo payment. Purchase price stands at $1,325,000, and rental yield measures 3.45% with $3,806/mo rent. Return on cash invested shows 8.75% in year one, and 5% annual appreciation builds toward $366,073 over five years. Five-year ROI reaches 42.64% and total cumulative return in cash records $183,064. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,806/mo property income covering a $6,485/mo payment rather than investor’s personal income.
Single Family
Built in 2000
4.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98245, Eastsound, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,258 (100%) |
| Owner Occupied HU | 1,673 (51.4%) |
| Renter Occupied HU | 569 (17.5%) |
| Vacant Housing Units | 1,016 (31.2%) |
| Median Home Value | $906,734 |
| Average Home Value | $1,102,261 |
Housing Distribution
Address Breakdown
Residential
1,578
Single Family
1,553
Multi-Family
25
Businesses
385
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol A. Cattle • Windermere Real Estate Whatcom
Mls Name: NWMLS
Mls ID: #2421511