592 Kodiak AvenueCamano IslandWA98282
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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 Camano Island at 592 Kodiak Avenue, Camano Island, WA, 98282 generates $3,871/mo in rent and, after a $2,276/mo payment, leaves $1,076/mo in cash flow. Total monthly income is $3,871/mo, and annual cash flow is $12,909/yr on $154,148 invested. Return on cash invested sits at 28.28% in year one, and rental yield is 9.99% on a $465,000 entry. Equity gained on principal adds $3,001/yr, while 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 147.51% and total cumulative return in cash sums $227,387. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,871/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98282, Camano Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,290 (100%) |
| Owner Occupied HU | 6,973 (75.1%) |
| Renter Occupied HU | 783 ( 8.4%) |
| Vacant Housing Units | 1,534 (16.5%) |
| Median Home Value | $707,964 |
| Average Home Value | $776,745 |
Housing Distribution
Address Breakdown
Residential
8,154
Single Family
8,154
Multi-Family
0
Businesses
108
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Listed by: Gary L. Jennings • eXp Realty
Mls Name: NWMLS
Mls ID: #2475493