701 Washington SLong BeachWA98631
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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 Long Beach at 701 Washington S, Long Beach, WA, 98631 uses $92,820 cash to close to unlock $5,632/yr annual cash flow and $469/mo monthly cash flow. Total monthly income runs $2,152/mo, and a $1,370/mo payment keeps the spread at $469/mo. Purchase price stands at $280,000, and rental yield measures 9.22% with $2,152/mo rent. Return on cash invested shows 25.98% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 135.16% and total cumulative return in cash records $125,457. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,152/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1910
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98631, Long Beach, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,141 (100%) |
| Owner Occupied HU | 1,377 (43.8%) |
| Renter Occupied HU | 578 (18.4%) |
| Vacant Housing Units | 1,186 (37.8%) |
| Median Home Value | $378,245 |
| Average Home Value | $478,488 |
Housing Distribution
Address Breakdown
Residential
1,524
Single Family
1,407
Multi-Family
117
Businesses
201
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Listed by: Nancy Manula • Lighthouse Realty
Mls Name: NWMLS
Mls ID: #2431356