54595 Conrad RoadRockportWA98283
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 54595 Conrad Road, Rockport, WA, 98283 in Rockport at $549,999. Rental yield 6.11%. The 6.11% yield and 1.13 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $151,955 by year five, and $5,066/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $175,697.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 6.1% | 6.2% |
| Monthly Cash Flow | $(504) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,802 |
| Total Monthly Debt Service | $3,087 |
| DSCR Ratio | 0.91x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1949
1.16 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
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
Single Family
Built in 1949
1.16 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lance Otto • KW North Sound
Mls Name: NWMLS
Mls ID: #2423596