311 S 8th StreetPort 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
Investment property for sale in Port Townsend at 311 S 8th Street, Port Townsend, WA, 98368 earns $177/mo cash flow from $1,650/mo rent with a $1,199/mo payment. Total monthly income totals $1,650/mo, and annual cash flow totals $2,129/yr on $81,218 capital. ROI tracks 22.53% on current figures, and rental yield reads 8.08% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 116.69% and total cumulative return in cash sums $94,776. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,650/mo property income instead of your personal income.
Single Family
Built in 1929
0.45 Acres 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: Carlee Hanson • Sterling Property Group
Mls Name: NWMLS
Mls ID: #2459591