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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Ocean Shores at 308 S Wynoochee Drive, Ocean Shores, WA, 98569 priced at $295,000 converts $2,482/mo rent into $709/mo cash flow after a $1,444/mo obligation. Total monthly income equals $2,482/mo, and annual cash flow totals $8,503/yr on $97,793 invested. Return on cash invested prints 28.6% in year one, and rental yield reads 10.1% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 149.25% and total cumulative return in cash sums $145,958. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,482/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 1989
7,997 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98569, Ocean Shores, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,041 (100%) |
| Owner Occupied HU | 3,028 (50.1%) |
| Renter Occupied HU | 751 (12.4%) |
| Vacant Housing Units | 2,262 (37.4%) |
| Median Home Value | $437,696 |
| Average Home Value | $590,386 |
Residential
3,837
Single Family
3,719
Multi-Family
118
Businesses
234
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $295,000 |
| 2010-12-04 | Listing removed | $154,900 |
| 2010-03-14 | Listed for sale | $154,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-01 | $1714.70 | -7.78% | $272,820 | -4.08% |
| 2022-04-01 | $1859.42 | -0.51% | $284,427 | 28.64% |
| 2021-04-01 | $1868.90 | -3.57% | $221,100 | 17.80% |
Listed by: Sandra Heart • New Moon Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2351776
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
