800 Polk Street #204Port TownsendWA98368
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
Total monthly income runs $2,099/mo, and a $2,203/mo payment. Purchase price stands at $450,000, and rental yield measures 5.6% with $2,099/mo rent. Return on cash invested shows 15.03% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 76.46% and total cumulative return in cash records $114,054. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,099/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98368, Port Townsend, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,645 (100%) |
| Owner Occupied HU | 6,530 (67.7%) |
| Renter Occupied HU | 2,204 (22.9%) |
| Vacant Housing Units | 911 ( 9.4%) |
| Median Home Value | $629,669 |
| Average Home Value | $704,278 |
Housing Distribution
Address Breakdown
Residential
8,413
Single Family
7,861
Multi-Family
552
Businesses
953
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Abigail Little • Bell Tower Brokers
Mls Name: NWMLS
Mls ID: #2442685