2833 Simpson AveHoquiamWA98550
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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 Hoquiam at 2833 Simpson Ave, Hoquiam, WA, 98550 earns $771/mo cash flow from $2,140/mo rent with a $1,115/mo payment. Total monthly income totals $2,140/mo, and annual cash flow totals $9,247/yr on $75,516 capital. ROI tracks 32.15% on current figures, and rental yield reads 11.27% at a $227,800 purchase. Equity gained on principal adds $1,470/yr, and 5% annual appreciation supports $62,937 over five years. Five-year ROI reaches 168.3% and total cumulative return in cash sums $127,092. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,140/mo property income instead of your personal income.
Single Family
Built in 1924
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98550, Hoquiam, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,293 (100%) |
| Owner Occupied HU | 3,018 (57.0%) |
| Renter Occupied HU | 1,734 (32.8%) |
| Vacant Housing Units | 541 (10.2%) |
| Median Home Value | $262,970 |
| Average Home Value | $317,287 |
Housing Distribution
Address Breakdown
Residential
4,674
Single Family
4,327
Multi-Family
347
Businesses
346
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Listed by: N/A • N/A
Mls Name: John L Scott Real Estate
Mls ID: #2452430