423 NE Inspiration StreetPoulsboWA98370
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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 Poulsbo at 423 NE Inspiration Street, Poulsbo, WA, 98370 offers $3,402/mo rent that, after a $2,472/mo payment, leaves $366/mo cash flow. Total monthly income is $3,402/mo, and annual cash flow is $4,393/yr on $166,145 cash. Return on cash invested measures 22.7% in year one, and rental yield stands at 8.08% at a $505,000 entry. Equity gained on principal adds $3,259/yr while 5% annual appreciation compounds into $139,522 by year five. Five-year ROI records 117.59% and total cumulative return in cash reaches $195,366. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,402/mo property income versus a $2,472/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98370, Poulsbo, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,032 (100%) |
| Owner Occupied HU | 10,290 (73.3%) |
| Renter Occupied HU | 2,940 (21.0%) |
| Vacant Housing Units | 802 ( 5.7%) |
| Median Home Value | $673,548 |
| Average Home Value | $750,933 |
Housing Distribution
Address Breakdown
Residential
13,413
Single Family
12,734
Multi-Family
679
Businesses
1,194
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Listed by: Elizabeth Ottow • Keller Williams Greater 360
Mls Name: NWMLS
Mls ID: #2431239