381 Elk Valley RoadForksWA98331
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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
Rental property for sale in Forks at 381 Elk Valley Road, Forks, WA, 98331 priced at $548,888 converts $3,586/mo rent into $286/mo cash flow after a $2,687/mo obligation. Total monthly income equals $3,586/mo, and annual cash flow totals $3,433/yr on $180,584 invested. Return on cash invested prints 21.96% in year one, and rental yield reads 7.84% against a $548,888 entry. Equity gained on principal adds $3,542/yr, while 5% annual appreciation compiles into $151,648 by year five. Five-year ROI reaches 113.6% and total cumulative return in cash sums $205,149. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,586/mo property income covering a $2,687/mo payment, not borrower’s personal income.
Single Family
Built in 2012
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98331, Forks, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,683 (100%) |
| Owner Occupied HU | 1,581 (58.9%) |
| Renter Occupied HU | 750 (28.0%) |
| Vacant Housing Units | 352 (13.1%) |
| Median Home Value | $321,831 |
| Average Home Value | $376,040 |
Housing Distribution
Address Breakdown
Residential
1,472
Single Family
1,345
Multi-Family
127
Businesses
195
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Listed by: Garrett Ortolf • TEC Real Estate Inc.
Mls Name: NWMLS
Mls ID: #2458513