881 N Iris AvenueSequimWA98382
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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 Sequim at 881 N Iris Avenue, Sequim, WA, 98382 priced at $320,000 pairs $2,372/mo rent with $449/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,372/mo, and annual cash flow comes to $5,384/yr on $106,080 invested. Return on cash invested is 24.98% in year one, and rental yield stands at 8.89% on a $320,000 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 129.83% and total cumulative return in cash reaches $137,727. For financing, Ziffy Mortgage’s DSCR program evaluates $2,372/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2025
4,739 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98382, Sequim, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,613 (100%) |
| Owner Occupied HU | 12,131 (73.0%) |
| Renter Occupied HU | 3,070 (18.5%) |
| Vacant Housing Units | 1,412 ( 8.5%) |
| Median Home Value | $595,126 |
| Average Home Value | $644,188 |
Housing Distribution
Address Breakdown
Residential
15,092
Single Family
14,325
Multi-Family
767
Businesses
1,174
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Listed by: Dianna DaSilva • Master Management
Mls Name: NWMLS
Mls ID: #2441584