2815 Willows Road #116SeaviewWA98644
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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 Seaview at 2815 Willows Road #116, Seaview, WA, 98644 offers a 7.87% rental yield on a $389,900 purchase with $2,558/mo rent. Total monthly income registers $2,558/mo, and a $1,908/mo payment leaves $215/mo available for distribution. Annual cash flow reaches $2,575/yr on $129,252 to close, and return on cash invested stands at 21.9% in year one. Equity gained on principal adds $2,516/yr while 5% annual appreciation supports $107,722 over five years. Portfolio math shows five-year ROI at 113.3% and total cumulative return in cash at $146,437. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,558/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98644, Seaview, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 790 (100%) |
| Owner Occupied HU | 285 (36.1%) |
| Renter Occupied HU | 111 (14.1%) |
| Vacant Housing Units | 394 (49.9%) |
| Median Home Value | $357,955 |
| Average Home Value | $441,535 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
46
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Listed by: Linda F. Raaymakers • RE/MAX Excellence
Mls Name: NWMLS
Mls ID: #2439273