38 Ames LaneOakvilleWA98568
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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 Oakville at 38 Ames Lane, Oakville, WA, 98568 priced at $875,000 converts $2,100/mo rent into after a $4,283/mo obligation. Total monthly income equals $2,100/mo. Return on cash invested prints 6.89% in year one, and rental yield reads 2.88% against a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation compiles into $241,746 by year five. Five-year ROI reaches 32.74% and total cumulative return in cash sums $94,259. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,100/mo property income covering a $4,283/mo payment, not borrower’s personal income.
Manufactured
Built in 1981
39.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98568, Oakville, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,086 (100%) |
| Owner Occupied HU | 793 (73.0%) |
| Renter Occupied HU | 227 (20.9%) |
| Vacant Housing Units | 66 ( 6.1%) |
| Median Home Value | $552,937 |
| Average Home Value | $708,014 |
Housing Distribution
Address Breakdown
Residential
710
Single Family
710
Multi-Family
0
Businesses
51
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Listed by: Karen St. Clair • St Clair Realty
Mls Name: NWMLS
Mls ID: #2373386