2915 217th StOcean ParkWA98640
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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
Rental property for sale in Ocean Park at 2915 217th St, Ocean Park, WA, 98640 generates $2,263/mo in rent and, after a $1,541/mo payment, leaves $370/mo in cash flow. Total monthly income is $2,263/mo, and annual cash flow is $4,444/yr on $104,389 invested. Return on cash invested sits at 24.17% in year one, and rental yield is 8.62% on a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 125.46% and total cumulative return in cash sums $130,966. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,263/mo property income rather than buyer’s personal income.
Manufactured
Built in 1981
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98640, Ocean Park, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,535 (100%) |
| Owner Occupied HU | 2,393 (43.2%) |
| Renter Occupied HU | 399 ( 7.2%) |
| Vacant Housing Units | 2,743 (49.6%) |
| Median Home Value | $406,143 |
| Average Home Value | $484,592 |
Housing Distribution
Address Breakdown
Residential
2,154
Single Family
2,112
Multi-Family
42
Businesses
114
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Listed by: Heather Soule • Lighthouse Realty
Mls Name: NWMLS
Mls ID: #2447353