60 Ridge PlaceSequimWA98382
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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 Sequim at 60 Ridge Place, Sequim, WA, 98382 priced at $399,000 converts $2,501/mo rent into $102/mo cash flow after a $1,953/mo obligation. Total monthly income equals $2,501/mo, and annual cash flow totals $1,229/yr on $132,269 invested. Return on cash invested prints 20.84% in year one, and rental yield reads 7.52% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 107.61% and total cumulative return in cash sums $142,334. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,501/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98382, Sequim, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,613 (100%) |
| Owner Occupied HU | 12,131 (73.0%) |
| Renter Occupied HU | 3,070 (18.5%) |
| Vacant Housing Units | 1,412 ( 8.5%) |
| Median Home Value | $595,126 |
| Average Home Value | $644,188 |
Housing Distribution
Address Breakdown
Residential
15,092
Single Family
14,325
Multi-Family
767
Businesses
1,174
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Listed by: Teri Price • BCR LLC
Mls Name: NWMLS
Mls ID: #2430418