29813 L LaneOcean 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
Investment property for sale in Ocean Park at 29813 L Lane, Ocean Park, WA, 98640 earns from $3,032/mo rent with a $2,929/mo payment. Total monthly income totals $3,032/mo. ROI tracks 16.62% on current figures, and rental yield reads 6.08% at a $598,500 purchase. Equity gained on principal adds $3,862/yr, and 5% annual appreciation supports $165,355 over five years. Five-year ROI reaches 84.91% and total cumulative return in cash sums $167,193. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,032/mo property income instead of your personal income.
Single Family
Built in 2022
0.34 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: Del Murry • Lighthouse Realty
Mls Name: NWMLS
Mls ID: #2475718