922 Eklund AveHoquiamWA98550
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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 Hoquiam at 922 Eklund Ave, Hoquiam, WA, 98550 uses $98,621 cash to close to unlock $11,205/yr annual cash flow and $934/mo monthly cash flow. Total monthly income runs $2,722/mo, and a $1,456/mo payment keeps the spread at $934/mo. Purchase price stands at $297,500, and rental yield measures 10.98% with $2,722/mo rent. Return on cash invested shows 31.27% in year one, and 5% annual appreciation builds toward $82,194 over five years. Five-year ROI reaches 163.54% and total cumulative return in cash records $161,287. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,722/mo property income covering a $1,456/mo payment rather than investor’s personal income.
Single Family
Built in 1904
7,379 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98550, Hoquiam, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,293 (100%) |
| Owner Occupied HU | 3,018 (57.0%) |
| Renter Occupied HU | 1,734 (32.8%) |
| Vacant Housing Units | 541 (10.2%) |
| Median Home Value | $262,970 |
| Average Home Value | $317,287 |
Housing Distribution
Address Breakdown
Residential
4,674
Single Family
4,327
Multi-Family
347
Businesses
346
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Listed by: Ji Zhang • eLink Realty
Mls Name: NWMLS
Mls ID: #2418749