722 2nd Avenue NEPacificWA98047
Nearby investment properties with comparable rents
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 Pacific at 722 2nd Avenue NE, Pacific, WA, 98047 generates $3,116/mo in rent and, after a $2,203/mo payment, leaves $411/mo in cash flow. Total monthly income is $3,116/mo, and annual cash flow is $4,926/yr on $149,175 invested. Return on cash invested sits at 23.21% in year one, and rental yield is 8.31% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 120.33% and total cumulative return in cash sums $179,502. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,116/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
9,448 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98047, Pacific, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,384 (100%) |
| Owner Occupied HU | 1,361 (57.1%) |
| Renter Occupied HU | 960 (40.3%) |
| Vacant Housing Units | 63 ( 2.6%) |
| Median Home Value | $524,893 |
| Average Home Value | $605,044 |
Housing Distribution
Address Breakdown
Residential
2,359
Single Family
2,358
Multi-Family
1
Businesses
180
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Devan Hegseth • Realty ONE Group Orca Gold
Mls Name: NWMLS
Mls ID: #2422515