530 Canal Drive NEOcean ShoresWA98569
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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 Ocean Shores at 530 Canal Drive NE, Ocean Shores, WA, 98569 generates $2,598/mo in rent and, after a $1,957/mo payment, leaves $194/mo in cash flow. Total monthly income is $2,598/mo, and annual cash flow is $2,333/yr on $132,567 invested. Return on cash invested sits at 21.67% in year one, and rental yield is 7.8% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 112.05% and total cumulative return in cash sums $148,544. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,598/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
8,655 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98569, Ocean Shores, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,041 (100%) |
| Owner Occupied HU | 3,028 (50.1%) |
| Renter Occupied HU | 751 (12.4%) |
| Vacant Housing Units | 2,262 (37.4%) |
| Median Home Value | $437,696 |
| Average Home Value | $590,386 |
Housing Distribution
Address Breakdown
Residential
3,837
Single Family
3,719
Multi-Family
118
Businesses
234
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Listed by: Jessie Ellis • John L. Scott Ocean Shores
Mls Name: NWMLS
Mls ID: #2417580