7931 Caddy StreetAnacortesWA98221
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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 Anacortes at 7931 Caddy Street, Anacortes, WA, 98221 offers a 11.9% rental yield on a $300,000 purchase with $2,975/mo rent. Total monthly income registers $2,975/mo, and a $1,468/mo payment leaves $1,172/mo available for distribution. Annual cash flow reaches $14,064/yr on $99,450 to close, and return on cash invested stands at 34.05% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 178.43% and total cumulative return in cash at $177,444. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,975/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98221, Anacortes, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,541 (100%) |
| Owner Occupied HU | 7,842 (62.5%) |
| Renter Occupied HU | 2,828 (22.6%) |
| Vacant Housing Units | 1,871 (14.9%) |
| Median Home Value | $782,913 |
| Average Home Value | $885,649 |
Housing Distribution
Address Breakdown
Residential
10,561
Single Family
10,085
Multi-Family
476
Businesses
1,026
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Listed by: Carol A. Cattle • Windermere Real Estate Whatcom
Mls Name: NWMLS
Mls ID: #2457800