393 Flora PlaceForksWA98331
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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 393 Flora Place, Forks, WA, 98331 priced at $350,000 pairs $3,000/mo rent with $896/mo cash flow after a $1,713/mo payment. Total monthly income equals $3,000/mo, and annual cash flow comes to $10,754/yr on $116,025 invested. Return on cash invested is 29.18% in year one, and rental yield stands at 10.29% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 152.35% and total cumulative return in cash reaches $176,762. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
0.31 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: Cindy Hansen • Keller Williams West Sound
Mls Name: NWMLS
Mls ID: #2457225