353 Wallace Way NE #20Bainbridge IslandWA98110
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 Bainbridge Island at 353 Wallace Way NE #20, Bainbridge Island, WA, 98110 listed at $535,000 pairs $4,680/mo rent with a $2,619/mo payment to leave $794/mo cash flow. Total monthly income runs $4,680/mo, and annual cash flow reaches $9,523/yr on $176,015 cash to close. Return on cash invested measures 25.47% in year one, and rental yield registers 10.5% at a $535,000 basis. Equity gained on principal adds $3,452/yr, and annual property appreciation at 5% supports $147,811 by year five. Five-year ROI tracks 134.06% and total cumulative return in cash totals $235,960. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,680/mo property income relative to a $2,619/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1992
4 Acres lot
$N/A/sqft
$670 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98110, Bainbridge Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,365 (100%) |
| Owner Occupied HU | 8,203 (72.2%) |
| Renter Occupied HU | 2,069 (18.2%) |
| Vacant Housing Units | 1,093 ( 9.6%) |
| Median Home Value | $1,125,533 |
| Average Home Value | $1,245,027 |
Housing Distribution
Address Breakdown
Residential
10,826
Single Family
9,449
Multi-Family
1,377
Businesses
1,128
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: FSBO-Online.com
Mls ID: #N/A