60 Fairway Lane #DPt LudlowWA98365
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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 Pt Ludlow at 60 Fairway Lane #D, Pt Ludlow, WA, 98365 priced at $436,500 converts $1,800/mo rent into after a $2,136/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 13.08% in year one, and rental yield reads 4.95% against a $436,500 entry. Equity gained on principal adds $2,817/yr, while 5% annual appreciation compiles into $120,597 by year five. Five-year ROI reaches 66% and total cumulative return in cash sums $95,499. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $2,136/mo payment, not borrower’s personal income.
Condo
Built in 1991
69.70 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98365, Port Ludlow, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,308 (100%) |
| Owner Occupied HU | 2,438 (73.7%) |
| Renter Occupied HU | 260 ( 7.9%) |
| Vacant Housing Units | 610 (18.4%) |
| Median Home Value | $664,991 |
| Average Home Value | $723,065 |
Housing Distribution
Address Breakdown
Residential
2,857
Single Family
2,839
Multi-Family
18
Businesses
113
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Listed by: Staci Matthes • RE/MAX FIRST Inc Port Ludlow
Mls Name: NWMLS
Mls ID: #2452628