7003 Ortelius DriveIlwacoWA98624
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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 Ilwaco at 7003 Ortelius Drive, Ilwaco, WA, 98624 earns from $2,074/mo rent with a $2,056/mo payment. Total monthly income totals $2,074/mo. ROI tracks 16.02% on current figures, and rental yield reads 5.93% at a $420,000 purchase. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,038 over five years. Five-year ROI reaches 81.75% and total cumulative return in cash sums $113,827. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,074/mo property income instead of your personal income.
Manufactured
Built in 2005
9,121 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98624, Ilwaco, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 712 (100%) |
| Owner Occupied HU | 418 (58.7%) |
| Renter Occupied HU | 153 (21.5%) |
| Vacant Housing Units | 141 (19.8%) |
| Median Home Value | $453,061 |
| Average Home Value | $603,678 |
Housing Distribution
Address Breakdown
Residential
132
Single Family
132
Multi-Family
0
Businesses
88
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Listed by: Cyndy Thompson • Lighthouse Realty
Mls Name: NWMLS
Mls ID: #2464074