285 Mast Avenue NWOcean ShoresWA98569
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
Rental property for sale in Ocean Shores at 285 Mast Avenue NW, Ocean Shores, WA, 98569 priced at $324,000 pairs $2,467/mo rent with $519/mo cash flow after a $1,586/mo payment. Total monthly income equals $2,467/mo, and annual cash flow comes to $6,230/yr on $107,406 invested. Return on cash invested is 25.71% in year one, and rental yield stands at 9.14% on a $324,000 basis. Equity gained on principal adds $2,091/yr, and 5% annual appreciation accumulates to $89,515 by year five. Five-year ROI measures 133.75% and total cumulative return in cash reaches $143,651. For financing, Ziffy Mortgage’s DSCR program evaluates $2,467/mo property income against a $1,586/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
7,866 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98569, Ocean Shores, WA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,837
Single Family
3,719
Multi-Family
118
Businesses
234
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charles Hubler • John L. Scott Ocean Shores
Mls Name: NWMLS
Mls ID: #2424765