512 Kodiak AveCamano IslandWA98282
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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
Investment property for sale in Camano Island at 512 Kodiak Ave, Camano Island, WA, 98282 uses $114,368 cash to close to unlock $2,781/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $2,306/mo, and a $1,689/mo payment keeps the spread at $232/mo. Purchase price stands at $345,000, and rental yield measures 8.02% with $2,306/mo rent. Return on cash invested shows 22.34% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 115.65% and total cumulative return in cash records $132,268. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,306/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Manufactured
Built in 1978
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98282, Camano Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,290 (100%) |
| Owner Occupied HU | 6,973 (75.1%) |
| Renter Occupied HU | 783 ( 8.4%) |
| Vacant Housing Units | 1,534 (16.5%) |
| Median Home Value | $707,964 |
| Average Home Value | $776,745 |
Housing Distribution
Address Breakdown
Residential
8,154
Single Family
8,154
Multi-Family
0
Businesses
108
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Listed by: Monica Flatto • John L. Scott Mukilteo
Mls Name: NWMLS
Mls ID: #2416015