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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Ocean Shores at 381 Lake Bay Loop SE, Ocean Shores, WA, 98569 offers $3,124/mo rent that, after a $2,834/mo payment. Total monthly income is $3,124/mo. Return on cash invested measures 17.81% in year one, and rental yield stands at 6.47% at a $579,000 entry. Equity gained on principal adds $3,736/yr while 5% annual appreciation compounds into $159,967 by year five. Five-year ROI records 91.35% and total cumulative return in cash reaches $174,019. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,124/mo property income versus a $2,834/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
10,711 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98569, Ocean Shores, WA area.
| 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 |
Residential
3,837
Single Family
3,719
Multi-Family
118
Businesses
234
Date | Event | Price |
|---|---|---|
| 2025-10-24 | Sold | $579,000 |
| 2025-09-24 | Pending sale | $599,000 |
| 2025-09-14 | Price change | $599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-30 | $4093.64 | -3.12% | $651,326 | 0.77% |
| 2022-10-30 | $4225.44 | 4.03% | $646,345 | 34.50% |
| 2021-10-30 | $4061.90 | -4.65% | $480,543 | 16.47% |
Listed by: Susan Doepp • RE/MAX Northwest
Mls Name: NWMLS
Mls Provider:
Mls ID: #2375872
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 04:14:42 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)
