755 Ferry RoadLopez IslandWA98261
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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 Lopez Island at 755 Ferry Road, Lopez Island, WA, 98261 at $1,675,000 posts ROI 3.79% with from $2,569/mo rent. Total monthly income equals $2,569/mo. Return on cash invested measures 3.79% and rental yield reads 1.84% at the current $1,675,000. Equity gained on principal adds $10,809/yr, and 5% annual appreciation supports $462,772 by year five. Five-year ROI prints 16.05% and total cumulative return in cash totals $87,114. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,569/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
4.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98261, Lopez Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,440 (100%) |
| Owner Occupied HU | 1,104 (45.2%) |
| Renter Occupied HU | 298 (12.2%) |
| Vacant Housing Units | 1,038 (42.5%) |
| Median Home Value | $837,209 |
| Average Home Value | $1,005,426 |
Housing Distribution
Address Breakdown
Residential
1,419
Single Family
1,403
Multi-Family
16
Businesses
193
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Listed by: Karlena L. Pickering-Lowe • Lopez Village Properties, LLC
Mls Name: NWMLS
Mls ID: #2402727