538 NW Ensign DriveOak HarborWA98277
Nearby investment properties with comparable rents
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 Oak Harbor at 538 NW Ensign Drive, Oak Harbor, WA, 98277 priced at $490,000 pairs $3,070/mo rent with $125/mo cash flow after a $2,398/mo payment. Total monthly income equals $3,070/mo, and annual cash flow comes to $1,498/yr on $162,435 invested. Return on cash invested is 20.83% in year one, and rental yield stands at 7.52% on a $490,000 basis. Equity gained on principal adds $3,162/yr, and 5% annual appreciation accumulates to $135,378 by year five. Five-year ROI measures 107.55% and total cumulative return in cash reaches $174,696. For financing, Ziffy Mortgage’s DSCR program evaluates $3,070/mo property income against a $2,398/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98277, Oak Harbor, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,793 (100%) |
| Owner Occupied HU | 10,670 (60.0%) |
| Renter Occupied HU | 6,063 (34.1%) |
| Vacant Housing Units | 1,060 ( 6.0%) |
| Median Home Value | $508,169 |
| Average Home Value | $585,098 |
Housing Distribution
Address Breakdown
Residential
16,785
Single Family
15,582
Multi-Family
1,203
Businesses
983
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffrey Vallejo • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2471039