577 Scenic Heights RoadOak HarborWA98277
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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
Investment property for sale in Oak Harbor at 577 Scenic Heights Road, Oak Harbor, WA, 98277 with 5% annual appreciation on a $1,395,000 basis while $3,679/mo rent supports operations. 87% in year one. Equity gained on principal adds $9,002/yr, and five-year appreciation sums $385,413 alongside rental yield of 3.16%. Five-year ROI measures 37.97% and total cumulative return in cash totals $171,622. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,679/mo property income versus a $6,828/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1990
0.41 Acres 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
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Listed by: Kim Newton • Century 21 North Homes Realty
Mls Name: NWMLS
Mls ID: #2428589