2934 Cherry StreetHoquiamWA98550
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2934 Cherry Street, Hoquiam, WA, 98550 in Hoquiam earns its strong cash-flow label: 10.91% yield, $2,182/mo rent, $739/mo net income, DSCR 2.02. The $240,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $66,308 by year five. Combined with $2,210/yr in principal paydown, total projected return reaches $138,390.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.2% |
| Monthly Cash Flow | $739 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,182 |
| Total Monthly Debt Service | $1,347 |
| DSCR Ratio | 1.62x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1915
4,791 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
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
Single Family
Built in 1915
4,791 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristi Norberg • First Harbor Real Estate, Inc.
Mls Name: NWMLS
Mls ID: #2410121