690 NE Larson Boulevard, Belfair, WA, 98528 | $206/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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690 NE Larson Boulevard, Belfair, WA, 98528 | $206/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Belfair at 690 NE Larson Boulevard, Belfair, WA, 98528 offers $2,611/mo rent that, after a $1,958/mo payment, leaves $206/mo cash flow. Total monthly income is $2,611/mo, and annual cash flow is $2,476/yr on $132,600 cash. Return on cash invested measures 21.78% in year one, and rental yield stands at 7.83% at a $399,999 entry. Equity gained on principal adds $2,581/yr while 5% annual appreciation compounds into $110,512 by year five. Five-year ROI records 112.64% and total cumulative return in cash reaches $149,355. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,611/mo property income versus a $1,958/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1985

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully updated single-story home in Beards Cove! This 3-bedroom, 2-bath home offers an open floor plan filled with natural light and modern finishes. The kitchen features new cabinets, quartz-style countertops, and all-new appliances. Gorgeous, easy-care flooring, new lighting, trim, and doors throughout make this home truly move-in ready. Enjoy a private, gently sloped lot with lots of garden space. Beards Cove residents enjoy a community clubhouse with a pool and access to Hood Canal. Minutes from Belfair State Park, shopping, and bases. Affordable AND absolutely move-in ready! (Some photos were virtually staged.)

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