80 Cascade Place #28Pt LudlowWA98365
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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 Pt Ludlow at 80 Cascade Place #28, Pt Ludlow, WA, 98365 generates $1,800/mo in rent, after a $3,265/mo payment. Total monthly income is $1,800/mo. Return on cash invested sits at 7.98% in year one, and rental yield is 3.24% on a $667,000 entry. Equity gained on principal adds $4,304/yr, while 5% annual appreciation builds toward $184,280 over five years. Five-year ROI reaches 38.6% and total cumulative return in cash sums $84,707. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Condo
Built in 1969
1,167 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98365, Port Ludlow, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,308 (100%) |
| Owner Occupied HU | 2,438 (73.7%) |
| Renter Occupied HU | 260 ( 7.9%) |
| Vacant Housing Units | 610 (18.4%) |
| Median Home Value | $664,991 |
| Average Home Value | $723,065 |
Housing Distribution
Address Breakdown
Residential
2,857
Single Family
2,839
Multi-Family
18
Businesses
113
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Listed by: Karen Best • Coldwell Banker Best Homes
Mls Name: NWMLS
Mls ID: #2432564