470 Bonanza DriveLopez IslandWA98261
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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
Investment property for sale in Lopez Island at 470 Bonanza Drive, Lopez Island, WA, 98261 projects strong ROI of 0.4%. Rental yield 0.75%. With 5% annual appreciation, the property builds $827,463 in value over five years. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1984
17.61 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98261, Lopez Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,440 (100%) |
| Owner Occupied HU | 1,104 (45.2%) |
| Renter Occupied HU | 298 (12.2%) |
| Vacant Housing Units | 1,038 (42.5%) |
| Median Home Value | $837,209 |
| Average Home Value | $1,005,426 |
Housing Distribution
Address Breakdown
Residential
1,419
Single Family
1,403
Multi-Family
16
Businesses
193
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Listed by: Dianne Pressenda • Windermere RE/Lopez Island
Mls Name: NWMLS
Mls Provider:
Mls ID: #2366060
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)