971 Ridge DriveFreelandWA98249
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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 Freeland at 971 Ridge Drive, Freeland, WA, 98249 listed at $1,125,000 pairs $4,462/mo rent with a $5,506/mo payment. Total monthly income runs $4,462/mo. Return on cash invested measures 12.8% in year one, and rental yield registers 4.76% at a $1,125,000 basis. Equity gained on principal adds $7,259/yr, and annual property appreciation at 5% supports $310,817 by year five. Five-year ROI tracks 64.36% and total cumulative return in cash totals $234,608. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,462/mo property income relative to a $5,506/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98249, Freeland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,080 (62.9%) |
| Renter Occupied HU | 403 (12.2%) |
| Vacant Housing Units | 823 (24.9%) |
| Median Home Value | $731,557 |
| Average Home Value | $844,078 |
Housing Distribution
Address Breakdown
Residential
2,673
Single Family
2,673
Multi-Family
0
Businesses
335
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Listed by: Mike Johnson • Windermere RE/South Whidbey
Mls Name: NWMLS
Mls ID: #2386433