649 NE Sommerseth StreetPoulsboWA98370
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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 Poulsbo at 649 NE Sommerseth Street, Poulsbo, WA, 98370 offers $2,701/mo rent that, after a $5,374/mo payment. Total monthly income is $2,701/mo. Return on cash invested measures 7.22% in year one, and rental yield stands at 2.95% at a $1,098,000 entry. Equity gained on principal adds $7,085/yr while 5% annual appreciation compounds into $303,357 by year five. Five-year ROI records 34.44% and total cumulative return in cash reaches $122,536. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,701/mo property income versus a $5,374/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98370, Poulsbo, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,032 (100%) |
| Owner Occupied HU | 10,290 (73.3%) |
| Renter Occupied HU | 2,940 (21.0%) |
| Vacant Housing Units | 802 ( 5.7%) |
| Median Home Value | $673,548 |
| Average Home Value | $750,933 |
Housing Distribution
Address Breakdown
Residential
13,413
Single Family
12,734
Multi-Family
679
Businesses
1,194
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Listed by: Amy McFarland • COMPASS
Mls Name: NWMLS
Mls ID: #2458436