2965 Paradise Bay RoadPort LudlowWA98365
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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 Port Ludlow at 2965 Paradise Bay Road, Port Ludlow, WA, 98365 generates $4,015/mo in rent, after a $5,815/mo payment. Total monthly income is $4,015/mo. Return on cash invested sits at 10.62% in year one, and rental yield is 4.06% on a $1,188,000 entry. Equity gained on principal adds $7,666/yr, while 5% annual appreciation builds toward $328,223 over five years. Five-year ROI reaches 52.71% and total cumulative return in cash sums $202,896. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,015/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98365, Port Ludlow, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,308 (100%) |
| Owner Occupied HU | 2,438 (73.7%) |
| Renter Occupied HU | 260 ( 7.9%) |
| Vacant Housing Units | 610 (18.4%) |
| Median Home Value | $664,991 |
| Average Home Value | $723,065 |
Housing Distribution
Address Breakdown
Residential
2,857
Single Family
2,839
Multi-Family
18
Businesses
113
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Listed by: Staci Matthes • RE/MAX FIRST Inc Port Ludlow
Mls Name: NWMLS
Mls ID: #2432023