5359 Ruby Place NEBainbridge IslandWA98110
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 5359 Ruby Place NE, Bainbridge Island, WA, 98110 in Bainbridge Island. Rental yield 5.61%. At $880,000 with 5.61% gross yield, current distributions are modest, but the 5% appreciation rate projects $243,128 in new equity by year five, complemented by $8,105/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.04) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $257,361.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 6.2% |
| Monthly Cash Flow | $(1,176) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $4,114 |
| Total Monthly Debt Service | $4,940 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1979
0.48 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1979
0.48 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jerome Walters • Tribeca NW Real Estate
Mls Name: NWMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2541184
Disclaimer: Based on information submitted to the MLS GRID as of 2026-06-25 08:19:36 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. 2026 NWMLS [Click here for more information](/mls-disclaimers/#39)