724 Walters LanePoint RobertsWA98281
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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
Rental property for sale in Point Roberts at 724 Walters Lane, Point Roberts, WA, 98281 priced at $508,000 converts $1,926/mo rent into after a $2,486/mo obligation. Total monthly income equals $1,926/mo. Return on cash invested prints 11.97% in year one, and rental yield reads 4.55% against a $508,000 entry. Equity gained on principal adds $3,278/yr, while 5% annual appreciation compiles into $140,351 by year five. Five-year ROI reaches 59.97% and total cumulative return in cash sums $100,235. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,926/mo property income covering a $2,486/mo payment, not borrower’s personal income.
Single Family
Built in 1958
6,865 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98281, Point Roberts, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,253 (100%) |
| Owner Occupied HU | 535 (23.7%) |
| Renter Occupied HU | 122 ( 5.4%) |
| Vacant Housing Units | 1,596 (70.8%) |
| Median Home Value | $563,976 |
| Average Home Value | $626,715 |
Housing Distribution
Address Breakdown
Residential
1,565
Single Family
1,565
Multi-Family
0
Businesses
162
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Listed by: Tessa Pinckston • RE/MAX Whatcom County, Inc.
Mls Name: NWMLS
Mls ID: #2405698