8491 Illahee Road NEBremertonWA98311
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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 Bremerton at 8491 Illahee Road NE, Bremerton, WA, 98311 offers a 9.76% rental yield on a $310,000 purchase with $2,521/mo rent. Total monthly income registers $2,521/mo, and a $1,517/mo payment leaves $658/mo available for distribution. Annual cash flow reaches $7,894/yr on $102,765 to close, and return on cash invested stands at 27.59% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 143.8% and total cumulative return in cash at $147,775. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,521/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1968
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98311, Bremerton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,128 (100%) |
| Owner Occupied HU | 7,959 (71.5%) |
| Renter Occupied HU | 2,689 (24.2%) |
| Vacant Housing Units | 480 ( 4.3%) |
| Median Home Value | $514,299 |
| Average Home Value | $594,728 |
Housing Distribution
Address Breakdown
Residential
10,849
Single Family
9,737
Multi-Family
1,112
Businesses
212
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Listed by: Katie Campbell • Coldwell Banker Bain
Mls Name: NWMLS
Mls ID: #2439907