31 Falcon LanePort LudlowWA98365
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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 Port Ludlow at 31 Falcon Lane, Port Ludlow, WA, 98365 offers $3,221/mo rent that, after a $2,707/mo payment. Total monthly income is $3,221/mo. Return on cash invested measures 18.94% in year one, and rental yield stands at 6.99% at a $553,000 entry. Equity gained on principal adds $3,568/yr while 5% annual appreciation compounds into $152,784 by year five. Five-year ROI records 97.52% and total cumulative return in cash reaches $177,424. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,221/mo property income versus a $2,707/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.29 Acres lot
$N/A/sqft
$800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98365, Port Ludlow, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,308 (100%) |
| Owner Occupied HU | 2,438 (73.7%) |
| Renter Occupied HU | 260 ( 7.9%) |
| Vacant Housing Units | 610 (18.4%) |
| Median Home Value | $664,991 |
| Average Home Value | $723,065 |
Housing Distribution
Address Breakdown
Residential
2,857
Single Family
2,839
Multi-Family
18
Businesses
113
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Listed by: Stephanie Korst • Redfin
Mls Name: NWMLS
Mls Provider:
Mls ID: #2369746
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-23 01:09:48 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)