291 Discovery WayEastsoundWA98245
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
Investment property for sale in Eastsound at 291 Discovery Way, Eastsound, WA, 98245 with 5% annual appreciation on a $1,025,000 basis while $4,091/mo rent supports operations. 89% in year one. Equity gained on principal adds $6,614/yr, and five-year appreciation sums $283,189 alongside rental yield of 4.79%. Five-year ROI measures 64.86% and total cumulative return in cash totals $215,404. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,091/mo property income versus a $5,017/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
1.35 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: Victoria Shaner • Orcas Island Realty
Mls Name: NWMLS
Mls ID: #2435490