651 E Marrowstone RoadNordlandWA98358
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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
Rental property for sale in Nordland at 651 E Marrowstone Road, Nordland, WA, 98358 generates $3,386/mo in rent, after a $7,929/mo payment. Total monthly income is $3,386/mo. Return on cash invested sits at 5.85% in year one, and rental yield is 2.51% on a $1,620,000 entry. Equity gained on principal adds $10,454/yr, while 5% annual appreciation builds toward $447,576 over five years. Five-year ROI reaches 27.1% and total cumulative return in cash sums $142,230. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,386/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98358, Nordland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 675 (100%) |
| Owner Occupied HU | 415 (61.5%) |
| Renter Occupied HU | 68 (10.1%) |
| Vacant Housing Units | 192 (28.4%) |
| Median Home Value | $802,206 |
| Average Home Value | $844,428 |
Housing Distribution
Address Breakdown
Residential
462
Single Family
462
Multi-Family
0
Businesses
20
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Listed by: Darren Rivers • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2335495