300 Cottage Lane #300LangleyWA98260
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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
Total monthly income runs $1,680/mo, and a $2,986/mo payment. Purchase price stands at $609,995, and rental yield measures 3.3% with $1,680/mo rent. Return on cash invested shows 8.18% in year one, and 5% annual appreciation builds toward $168,530 over five years. Five-year ROI reaches 39.67% and total cumulative return in cash records $79,614. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $2,986/mo payment rather than investor’s personal income.
Condo
Built in 1998
3,659 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98260, Langley, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,557 (100%) |
| Owner Occupied HU | 2,282 (64.2%) |
| Renter Occupied HU | 569 (16.0%) |
| Vacant Housing Units | 706 (19.8%) |
| Median Home Value | $759,660 |
| Average Home Value | $854,477 |
Housing Distribution
Address Breakdown
Residential
2,798
Single Family
2,798
Multi-Family
0
Businesses
258
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Listed by: Robert G. Johnson • George W Johnson Realty
Mls Name: NWMLS
Mls ID: #2441336