470 Reed Street #DFriday 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
Rental property for sale in Friday Harbor at 470 Reed Street #D, Friday Harbor, WA, 98250 generates $2,581/mo in rent, after a $2,178/mo payment. Total monthly income is $2,581/mo. Return on cash invested sits at 19.14% in year one, and rental yield is 6.96% on a $445,000 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 98.54% and total cumulative return in cash sums $145,364. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,581/mo property income rather than buyer’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: #2430225