864 Saratoga WayCamano IslandWA98282
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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 Camano Island at 864 Saratoga Way, Camano Island, WA, 98282 priced at $270,000 converts $1,940/mo rent into $317/mo cash flow after a $1,322/mo obligation. Total monthly income equals $1,940/mo, and annual cash flow totals $3,798/yr on $89,505 invested. Return on cash invested prints 24.15% in year one, and rental yield reads 8.62% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 125.38% and total cumulative return in cash sums $112,225. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,940/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Manufactured
Built in 1975
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98282, Camano Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,290 (100%) |
| Owner Occupied HU | 6,973 (75.1%) |
| Renter Occupied HU | 783 ( 8.4%) |
| Vacant Housing Units | 1,534 (16.5%) |
| Median Home Value | $707,964 |
| Average Home Value | $776,745 |
Housing Distribution
Address Breakdown
Residential
8,154
Single Family
8,154
Multi-Family
0
Businesses
108
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Listed by: Michael Ofstad • Windermere Real Estate/CIR
Mls Name: NWMLS
Mls ID: #2405915