470 Reed Street #2Friday HarborWA98250
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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
Total monthly income runs $1,956/mo, and a $1,884/mo payment. Purchase price stands at $385,000, and rental yield measures 6.1% with $1,956/mo rent. Return on cash invested shows 16.54% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 84.59% and total cumulative return in cash records $107,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,956/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Condo
Built in 2013
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98250, Friday Harbor, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,286 (100%) |
| Owner Occupied HU | 3,200 (50.9%) |
| Renter Occupied HU | 1,072 (17.1%) |
| Vacant Housing Units | 2,014 (32.0%) |
| Median Home Value | $857,037 |
| Average Home Value | $1,035,468 |
Housing Distribution
Address Breakdown
Residential
3,846
Single Family
3,734
Multi-Family
112
Businesses
733
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Listed by: Linda McMahon • Windermere RE San Juan Island
Mls Name: NWMLS
Mls ID: #2408647