514 Shore DriveBremertonWA98310
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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 Bremerton at 514 Shore Drive, Bremerton, WA, 98310 offers a 7.89% rental yield on a $425,000 purchase with $2,796/mo rent. Total monthly income registers $2,796/mo, and a $2,080/mo payment leaves $241/mo available for distribution. Annual cash flow reaches $2,897/yr on $140,888 to close, and return on cash invested stands at 21.97% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 113.64% and total cumulative return in cash at $160,109. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,796/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98310, Bremerton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,210 (100%) |
| Owner Occupied HU | 5,019 (49.2%) |
| Renter Occupied HU | 4,417 (43.3%) |
| Vacant Housing Units | 774 ( 7.6%) |
| Median Home Value | $495,092 |
| Average Home Value | $556,002 |
Housing Distribution
Address Breakdown
Residential
9,503
Single Family
8,241
Multi-Family
1,262
Businesses
529
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Listed by: Cary Smith • Washington First Properties
Mls Name: NWMLS
Mls ID: #2468384