703 Melcher StreetPt OrchardWA98366
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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 Pt Orchard at 703 Melcher Street, Pt Orchard, WA, 98366 listed at $387,500 pairs $2,338/mo rent with a $1,897/mo payment to leave $8/mo cash flow. Total monthly income runs $2,338/mo, and annual cash flow reaches $99/yr on $128,456 cash to close. Return on cash invested measures 19.99% in year one, and rental yield registers 7.24% at a $387,500 basis. Equity gained on principal adds $2,500/yr, and annual property appreciation at 5% supports $107,059 by year five. Five-year ROI tracks 103.05% and total cumulative return in cash totals $132,375. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,338/mo property income relative to a $1,897/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1941
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98366, Port Orchard, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,414 (100%) |
| Owner Occupied HU | 9,785 (63.5%) |
| Renter Occupied HU | 4,678 (30.3%) |
| Vacant Housing Units | 951 ( 6.2%) |
| Median Home Value | $520,774 |
| Average Home Value | $602,064 |
Housing Distribution
Address Breakdown
Residential
14,498
Single Family
12,972
Multi-Family
1,526
Businesses
1,048
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Listed by: John Malich • Gig Harbor Real Estate
Mls Name: NWMLS
Mls ID: #2459968