401 Mitchell DriveCoupevilleWA98239
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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 Coupeville at 401 Mitchell Drive, Coupeville, WA, 98239 priced at $395,000 converts $3,139/mo rent into $765/mo cash flow after a $1,933/mo obligation. Total monthly income equals $3,139/mo, and annual cash flow totals $9,179/yr on $130,943 invested. Return on cash invested prints 26.92% in year one, and rental yield reads 9.54% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 140.19% and total cumulative return in cash sums $183,570. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,139/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Manufactured
Built in 2004
8,590 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98239, Coupeville, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,215 (100%) |
| Owner Occupied HU | 2,923 (69.3%) |
| Renter Occupied HU | 622 (14.8%) |
| Vacant Housing Units | 670 (15.9%) |
| Median Home Value | $709,163 |
| Average Home Value | $759,300 |
Housing Distribution
Address Breakdown
Residential
3,375
Single Family
3,192
Multi-Family
183
Businesses
329
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Listed by: Daniel Fouts • Windermere RE/South Whidbey
Mls Name: NWMLS
Mls ID: #2407591