361 Eridani Loop SEOcean ShoresWA98569
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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
Rental property for sale in Ocean Shores at 361 Eridani Loop SE, Ocean Shores, WA, 98569 priced at $269,000 converts $2,309/mo rent into $692/mo cash flow after a $1,317/mo obligation. Total monthly income equals $2,309/mo, and annual cash flow totals $8,299/yr on $89,174 invested. Return on cash invested prints 29.22% in year one, and rental yield reads 10.3% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. Five-year ROI reaches 152.53% and total cumulative return in cash sums $136,019. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,309/mo property income covering a $1,317/mo payment, not borrower’s personal income.
Manufactured
Built in 2025
7,701 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98569, Ocean Shores, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,041 (100%) |
| Owner Occupied HU | 3,028 (50.1%) |
| Renter Occupied HU | 751 (12.4%) |
| Vacant Housing Units | 2,262 (37.4%) |
| Median Home Value | $437,696 |
| Average Home Value | $590,386 |
Housing Distribution
Address Breakdown
Residential
3,837
Single Family
3,719
Multi-Family
118
Businesses
234
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Listed by: Emma F Kowalski • Keller Williams South Sound
Mls Name: NWMLS
Mls ID: #2444758