315 E Park Street #A22North BendWA98045
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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 North Bend at 315 E Park Street #A22, North Bend, WA, 98045 offers a 7.23% rental yield on a $509,950 purchase with $3,071/mo rent. Total monthly income registers $3,071/mo, and a $2,496/mo payment leaves $6/mo available for distribution. Annual cash flow reaches $67/yr on $167,774 to close, and return on cash invested stands at 20.1% in year one. Equity gained on principal adds $3,291/yr while 5% annual appreciation supports $140,890 over five years. Portfolio math shows five-year ROI at 103.6% and total cumulative return in cash at $173,820. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,071/mo property income against a $2,496/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98045, North Bend, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,852 (100%) |
| Owner Occupied HU | 5,258 (76.7%) |
| Renter Occupied HU | 1,160 (16.9%) |
| Vacant Housing Units | 434 ( 6.3%) |
| Median Home Value | $940,922 |
| Average Home Value | $1,092,831 |
Housing Distribution
Address Breakdown
Residential
6,219
Single Family
5,536
Multi-Family
683
Businesses
549
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Listed by: Cristina Zalavarria • Windermere RE North, Inc.
Mls Name: NWMLS
Mls ID: #2399189