53 Mediterranean AvenuePt TownsendWA98368
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Nearby investment properties with comparable prices
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 Pt Townsend at 53 Mediterranean Avenue, Pt Townsend, WA, 98368 priced at $350,000 pairs $2,510/mo rent with $406/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,510/mo, and annual cash flow comes to $4,874/yr on $116,025 invested. Return on cash invested is 24.11% in year one, and rental yield stands at 8.61% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 125.17% and total cumulative return in cash reaches $145,226. For financing, Ziffy Mortgage’s DSCR program evaluates $2,510/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1994
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98368, Port Townsend, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,645 (100%) |
| Owner Occupied HU | 6,530 (67.7%) |
| Renter Occupied HU | 2,204 (22.9%) |
| Vacant Housing Units | 911 ( 9.4%) |
| Median Home Value | $629,669 |
| Average Home Value | $704,278 |
Housing Distribution
Address Breakdown
Residential
8,413
Single Family
7,861
Multi-Family
552
Businesses
953
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Listed by: Kevin M. Miller • Ideal Real Estate
Mls Name: NWMLS
Mls Provider:
Mls ID: #2389377
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-25 22:19:20 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)