4397 Terrace DriveOak HarborWA98277
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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 Oak Harbor at 4397 Terrace Drive, Oak Harbor, WA, 98277 generates $2,869/mo in rent, after a $2,349/mo payment. Total monthly income is $2,869/mo. Return on cash invested sits at 19.79% in year one, and rental yield is 7.17% on a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 101.98% and total cumulative return in cash sums $162,237. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,869/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
8,258 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98277, Oak Harbor, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,793 (100%) |
| Owner Occupied HU | 10,670 (60.0%) |
| Renter Occupied HU | 6,063 (34.1%) |
| Vacant Housing Units | 1,060 ( 6.0%) |
| Median Home Value | $508,169 |
| Average Home Value | $585,098 |
Housing Distribution
Address Breakdown
Residential
16,785
Single Family
15,582
Multi-Family
1,203
Businesses
983
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Listed by: Chris C. Nye • MLS4owners.com
Mls Name: NWMLS
Mls ID: #2420890