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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% |
Investment property for sale in Ocean Shores at 401 Draconis Avenue SE, Ocean Shores, WA, 98569 with 5% annual appreciation on a $299,900 basis while $2,408/mo rent supports operations. Total monthly income totals $2,408/mo and a $1,468/mo payment preserves $605/mo for cash returns. Annual cash flow comes to $7,261/yr on $99,417 deployed, and return on cash invested reaches 27.21% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 9.64%. Five-year ROI measures 141.82% and total cumulative return in cash totals $140,992.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,408/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
8,180 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Addie Wenger • Windermere R.E. Ocean Shores
Mls Name: NWMLS
Mls ID: #2389163
