94 Horizon StreetPacific BeachWA98571
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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 Pacific Beach at 94 Horizon Street, Pacific Beach, WA, 98571 generates $2,850/mo in rent, after a $4,694/mo payment. Total monthly income is $2,850/mo. Return on cash invested sits at 8.97% in year one, and rental yield is 3.57% on a $959,000 entry. Equity gained on principal adds $6,188/yr, while 5% annual appreciation builds toward $264,954 over five years. Five-year ROI reaches 43.94% and total cumulative return in cash sums $138,643. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,850/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98571, Pacific Beach, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 640 (100%) |
| Owner Occupied HU | 179 (28.0%) |
| Renter Occupied HU | 51 ( 8.0%) |
| Vacant Housing Units | 410 (64.1%) |
| Median Home Value | $413,235 |
| Average Home Value | $372,933 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
35
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Listed by: Jeffrey M. Wilson • Seabrook Real Estate Sales LLC
Mls Name: NWMLS
Mls ID: #2388304