53493 Shular RoadRockportWA98283
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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 Rockport at 53493 Shular Road, Rockport, WA, 98283 generates $3,071/mo in rent and, after a $2,271/mo payment, leaves $282/mo in cash flow. Total monthly income is $3,071/mo, and annual cash flow is $3,382/yr on $153,816 invested. Return on cash invested sits at 22.11% in year one, and rental yield is 7.94% on a $464,000 entry. Equity gained on principal adds $2,994/yr, while 5% annual appreciation builds toward $128,195 over five years. Five-year ROI reaches 114.39% and total cumulative return in cash sums $175,953. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,071/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98283, Rockport, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 320 (100%) |
| Owner Occupied HU | 167 (52.2%) |
| Renter Occupied HU | 44 (13.7%) |
| Vacant Housing Units | 109 (34.1%) |
| Median Home Value | $282,500 |
| Average Home Value | $274,805 |
Housing Distribution
Address Breakdown
Residential
146
Single Family
125
Multi-Family
21
Businesses
18
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Listed by: Kristine Stultz • Lapis Homes
Mls Name: NWMLS
Mls ID: #2421964