491 Eastshore RdNewportWA99156
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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 Newport at 491 Eastshore Rd, Newport, WA, 99156 priced at $799,950 converts $2,394/mo rent into after a $3,915/mo obligation. Total monthly income equals $2,394/mo. Return on cash invested prints 9.05% in year one, and rental yield reads 3.59% against a $799,950 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation compiles into $221,011 by year five. Five-year ROI reaches 44.35% and total cumulative return in cash sums $116,728. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,394/mo property income covering a $3,915/mo payment, not borrower’s personal income.
Single Family
Built in 1960
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99156, Newport, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,995 (100%) |
| Owner Occupied HU | 2,913 (58.3%) |
| Renter Occupied HU | 805 (16.1%) |
| Vacant Housing Units | 1,277 (25.6%) |
| Median Home Value | $471,257 |
| Average Home Value | $500,637 |
Housing Distribution
Address Breakdown
Residential
3,215
Single Family
3,055
Multi-Family
160
Businesses
280
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Listed by: Ken Lewis • First Look Real Estate
Mls Name: SMLS
Mls ID: #202521384