490 Mount Constance WayPort LudlowWA98365
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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 Port Ludlow at 490 Mount Constance Way, Port Ludlow, WA, 98365 offers $3,100/mo rent that, after a $3,372/mo payment. Total monthly income is $3,100/mo. Return on cash invested measures 14.55% in year one, and rental yield stands at 5.4% at a $689,000 entry. Equity gained on principal adds $4,446/yr while 5% annual appreciation compounds into $190,358 by year five. Five-year ROI records 73.82% and total cumulative return in cash reaches $167,334. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,100/mo property income versus a $3,372/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98365, Port Ludlow, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,308 (100%) |
| Owner Occupied HU | 2,438 (73.7%) |
| Renter Occupied HU | 260 ( 7.9%) |
| Vacant Housing Units | 610 (18.4%) |
| Median Home Value | $664,991 |
| Average Home Value | $723,065 |
Housing Distribution
Address Breakdown
Residential
2,857
Single Family
2,839
Multi-Family
18
Businesses
113
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Listed by: Bridget Young • Windermere RE West Sound Inc.
Mls Name: NWMLS
Mls ID: #2409965