308 Kimple LaneEastsoundWA98245
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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 Eastsound at 308 Kimple Lane, Eastsound, WA, 98245 generates $3,550/mo in rent, after a $6,118/mo payment. Total monthly income is $3,550/mo. Return on cash invested sits at 8.63% in year one, and rental yield is 3.41% on a $1,249,995 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation builds toward $345,351 over five years. Five-year ROI reaches 42% and total cumulative return in cash sums $170,112. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,550/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
4.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98245, Eastsound, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,258 (100%) |
| Owner Occupied HU | 1,673 (51.4%) |
| Renter Occupied HU | 569 (17.5%) |
| Vacant Housing Units | 1,016 (31.2%) |
| Median Home Value | $906,734 |
| Average Home Value | $1,102,261 |
Housing Distribution
Address Breakdown
Residential
1,578
Single Family
1,553
Multi-Family
25
Businesses
385
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Listed by: Mary M. Clure • Orcas Island Realty
Mls Name: NWMLS
Mls ID: #2408603