308 EPt TownsendWA98368
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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 Pt Townsend at 308 E, Pt Townsend, WA, 98368 priced at $399,000 converts $2,880/mo rent into $481/mo cash flow after a $1,953/mo obligation. Total monthly income equals $2,880/mo, and annual cash flow totals $5,777/yr on $132,269 invested. Return on cash invested prints 24.28% in year one, and rental yield reads 8.66% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 126.05% and total cumulative return in cash sums $166,718. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1894
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98368, Port Townsend, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,645 (100%) |
| Owner Occupied HU | 6,530 (67.7%) |
| Renter Occupied HU | 2,204 (22.9%) |
| Vacant Housing Units | 911 ( 9.4%) |
| Median Home Value | $629,669 |
| Average Home Value | $704,278 |
Housing Distribution
Address Breakdown
Residential
8,413
Single Family
7,861
Multi-Family
552
Businesses
953
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Listed by: Rodney Just • The Agency - Port Townsend
Mls Name: NWMLS
Mls ID: #2457472