4880 Magellan DriveFreelandWA98249
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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 $2,176/mo, and a $1,953/mo payment. Purchase price stands at $399,000, and rental yield measures 6.54% with $2,176/mo rent. Return on cash invested shows 17.89% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 91.8% and total cumulative return in cash records $121,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,176/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Manufactured
Built in 1970
8,380 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98249, Freeland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,080 (62.9%) |
| Renter Occupied HU | 403 (12.2%) |
| Vacant Housing Units | 823 (24.9%) |
| Median Home Value | $731,557 |
| Average Home Value | $844,078 |
Housing Distribution
Address Breakdown
Residential
2,673
Single Family
2,673
Multi-Family
0
Businesses
335
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Listed by: Leanne Erickson • KW South Whidbey
Mls Name: NWMLS
Mls ID: #2425802