62 Southridge DriveBelfairWA98528
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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 Belfair at 62 Southridge Drive, Belfair, WA, 98528 priced at $849,900 converts $2,564/mo rent into after a $4,160/mo obligation. Total monthly income equals $2,564/mo. Return on cash invested prints 9.14% in year one, and rental yield reads 3.62% against a $849,900 entry. Equity gained on principal adds $5,484/yr, while 5% annual appreciation compiles into $234,812 by year five. Five-year ROI reaches 44.81% and total cumulative return in cash sums $125,294. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,564/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Single Family
Built in 2021
2.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98528, Belfair, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,756 (100%) |
| Owner Occupied HU | 3,649 (63.4%) |
| Renter Occupied HU | 889 (15.4%) |
| Vacant Housing Units | 1,218 (21.2%) |
| Median Home Value | $506,882 |
| Average Home Value | $546,835 |
Housing Distribution
Address Breakdown
Residential
4,036
Single Family
4,035
Multi-Family
1
Businesses
421
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Listed by: Gloria Mellon • Better Properties Kitsap
Mls Name: NWMLS
Mls ID: #2460331