32401 Douglas DriveOcean ParkWA98640
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 32401 Douglas Drive, Ocean Park, WA, 98640 earns from $2,063/mo rent with a $1,850/mo payment. Total monthly income totals $2,063/mo. ROI tracks 17.91% on current figures, and rental yield reads 6.55% at a $378,000 purchase. Equity gained on principal adds $2,439/yr, and 5% annual appreciation supports $104,434 over five years. Five-year ROI reaches 91.85% and total cumulative return in cash sums $115,101. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,063/mo property income instead of your personal income.
Manufactured
Built in 1991
0.94 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamye A. Lucier • Century 21 Pacific Realty
Mls Name: NWMLS
Mls ID: #2466201