609 Chenois Avenue NEOcean ShoresWA98569
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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 Ocean Shores at 609 Chenois Avenue NE, Ocean Shores, WA, 98569 at $425,000 posts ROI 16.89% with from $2,200/mo rent. Total monthly income equals $2,200/mo. Return on cash invested measures 16.89% and rental yield reads 6.21% at the current $425,000. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 by year five. Five-year ROI prints 86.43% and total cumulative return in cash totals $121,769. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,200/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2005
7,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98569, Ocean Shores, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,041 (100%) |
| Owner Occupied HU | 3,028 (50.1%) |
| Renter Occupied HU | 751 (12.4%) |
| Vacant Housing Units | 2,262 (37.4%) |
| Median Home Value | $437,696 |
| Average Home Value | $590,386 |
Housing Distribution
Address Breakdown
Residential
3,837
Single Family
3,719
Multi-Family
118
Businesses
234
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Listed by: Eric Butler • North Beach Realty OS LLC
Mls Name: NWMLS
Mls ID: #2430456