61 N Picnic DriveLilliwaupWA98555
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lilliwaup at 61 N Picnic Drive, Lilliwaup, WA, 98555 offers a 7.49% rental yield on a $554,000 purchase with $3,456/mo rent. Total monthly income registers $3,456/mo, and a $2,712/mo payment leaves $125/mo available for distribution. Annual cash flow reaches $1,504/yr on $182,266 to close, and return on cash invested stands at 20.89% in year one. Equity gained on principal adds $3,575/yr while 5% annual appreciation supports $153,060 over five years. Portfolio math shows five-year ROI at 107.83% and total cumulative return in cash at $196,530. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,456/mo property income against a $2,712/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98555, Lilliwaup, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 977 (100%) |
| Owner Occupied HU | 297 (30.4%) |
| Renter Occupied HU | 47 ( 4.8%) |
| Vacant Housing Units | 633 (64.8%) |
| Median Home Value | $491,667 |
| Average Home Value | $574,596 |
Housing Distribution
Address Breakdown
Residential
356
Single Family
356
Multi-Family
0
Businesses
27
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Listed by: Michelle Himlie • Windermere RE/Himlie
Mls Name: NWMLS
Mls ID: #2448381