815 W Lee AvenueWestportWA98595
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
Rental property for sale in Westport at 815 W Lee Avenue, Westport, WA, 98595 offers $1,515/mo rent that, after a $979/mo payment, leaves $313/mo cash flow. Total monthly income is $1,515/mo, and annual cash flow is $3,752/yr on $66,300 cash. Return on cash invested measures 25.57% in year one, and rental yield stands at 9.09% at a $199,999 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 132.97% and total cumulative return in cash reaches $88,160. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,515/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1982
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98595, Westport, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,060 (100%) |
| Owner Occupied HU | 944 (45.8%) |
| Renter Occupied HU | 504 (24.5%) |
| Vacant Housing Units | 612 (29.7%) |
| Median Home Value | $357,736 |
| Average Home Value | $376,144 |
Housing Distribution
Address Breakdown
Residential
377
Single Family
377
Multi-Family
0
Businesses
127
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Listed by: Stephanie R. Herrmann • Better Properties Soundview
Mls Name: NWMLS
Mls ID: #2446573