8665 Springridge Road NEBainbridge IslandWA98110
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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 Bainbridge Island at 8665 Springridge Road NE, Bainbridge Island, WA, 98110 listed at $865,500 pairs $4,560/mo rent with a $4,236/mo payment. Total monthly income runs $4,560/mo. Return on cash invested measures 17.35% in year one, and rental yield registers 6.32% at a $865,500 basis. Equity gained on principal adds $5,585/yr, and annual property appreciation at 5% supports $239,122 by year five. Five-year ROI tracks 88.87% and total cumulative return in cash totals $253,060. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,560/mo property income relative to a $4,236/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98110, Bainbridge Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,365 (100%) |
| Owner Occupied HU | 8,203 (72.2%) |
| Renter Occupied HU | 2,069 (18.2%) |
| Vacant Housing Units | 1,093 ( 9.6%) |
| Median Home Value | $1,125,533 |
| Average Home Value | $1,245,027 |
Housing Distribution
Address Breakdown
Residential
10,826
Single Family
9,449
Multi-Family
1,377
Businesses
1,128
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Listed by: Adam Foley • Realogics Sotheby's Int'l Rlty
Mls Name: NWMLS
Mls ID: #2431975