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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Ocean Shores at 280 Captains Court SW, Ocean Shores, WA, 98569 offers $2,009/mo rent that, after a $1,591/mo payment, leaves $55/mo cash flow. Total monthly income is $2,009/mo, and annual cash flow is $661/yr on $107,738 cash. Return on cash invested measures 20.52% in year one, and rental yield stands at 7.42% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 105.92% and total cumulative return in cash reaches $114,121. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,009/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
7,400 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98569, Ocean Shores, WA area.
| 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 |
Residential
3,837
Single Family
3,719
Multi-Family
118
Businesses
234
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Listed for sale | $325,000 |
| 2020-07-24 | Sold | $200,000 |
| 2020-06-19 | Pending sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-02 | $1802.10 | 6.42% | $286,728 | 10.69% |
| 2022-07-02 | $1693.40 | -3.45% | $259,031 | 24.84% |
| 2021-07-02 | $1753.86 | -3.29% | $207,491 | 18.14% |
Listed by: Addie Wenger • Windermere R.E. Ocean Shores
Mls Name: NWMLS
Mls Provider:
Mls ID: #2401363
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
