31523 Sandridge RoadOcean ParkWA98640
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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 Ocean Park at 31523 Sandridge Road, Ocean Park, WA, 98640 offers a 6.03% rental yield on a $474,500 purchase with $2,383/mo rent. 33% in year one. Equity gained on principal adds $3,062/yr while 5% annual appreciation supports $131,096 over five years. Portfolio math shows five-year ROI at 83.45% and total cumulative return in cash at $131,262. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,383/mo property income against a $2,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1994
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98640, Ocean Park, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,535 (100%) |
| Owner Occupied HU | 2,393 (43.2%) |
| Renter Occupied HU | 399 ( 7.2%) |
| Vacant Housing Units | 2,743 (49.6%) |
| Median Home Value | $406,143 |
| Average Home Value | $484,592 |
Housing Distribution
Address Breakdown
Residential
2,154
Single Family
2,112
Multi-Family
42
Businesses
114
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Listed by: Lesley Ferguson • Realty One Group Pacifica
Mls Name: NWMLS
Mls ID: #2407163