6417 E Michigan StreetPt OrchardWA98366
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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 Pt Orchard at 6417 E Michigan Street, Pt Orchard, WA, 98366 offers a 7.82% rental yield on a $534,950 purchase with $3,484/mo rent. Total monthly income registers $3,484/mo, and a $2,618/mo payment leaves $269/mo available for distribution. Annual cash flow reaches $3,224/yr on $175,999 to close, and return on cash invested stands at 21.89% in year one. Equity gained on principal adds $3,452/yr while 5% annual appreciation supports $147,797 over five years. Portfolio math shows five-year ROI at 113.21% and total cumulative return in cash at $199,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,484/mo property income against a $2,618/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98366, Port Orchard, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,414 (100%) |
| Owner Occupied HU | 9,785 (63.5%) |
| Renter Occupied HU | 4,678 (30.3%) |
| Vacant Housing Units | 951 ( 6.2%) |
| Median Home Value | $520,774 |
| Average Home Value | $602,064 |
Housing Distribution
Address Breakdown
Residential
14,498
Single Family
12,972
Multi-Family
1,526
Businesses
1,048
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Listed by: Paul Coleman • Terrafin
Mls Name: NWMLS
Mls ID: #2449020