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MarketsWashingtonPort Angeles

Cap Rate Analysis: Port Angeles, WA

Investment metrics, interactive calculators, and data-driven analysis for Port Angeles rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $485,000 median price and $1,940/mo median rent
Est. Cap Rate
2.85%
1% Rule
0.40%
Fails
GRM
20.8x
Price / Income
7.7x

Market Data

Median Home Price$485,000
Median Monthly Rent$1,940
Property Tax Rate0.93%
Population50,000
Population Growth1.1% / yr
Median Household Income$62,750
Vacancy Rate4.6%
Annual Appreciation2.8%

Cap Rate Calculator — Port Angeles

Pre-filled with Port Angeles medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.93% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.38%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$11,565
net operating income
Gross Rent Multiplier
20.8x
High (>15)
1% Rule
0.40%
✗ Fails
Monthly Cash Flow
$964
before debt service
Annual Breakdown
Gross Rental Income$23,280
Less Vacancy−$1,071
Effective Income$22,209
Less Operating Expenses−$10,644
Net Operating Income$11,565
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Cash-on-Cash Return — Port Angeles

Factor in financing to see your actual return on invested capital in Port Angeles.

$
$121,250
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-11.01%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$135,800
$121,250 down + $14,550 closing
Monthly Mortgage
$2,371
on $364K loan
Monthly Cash Flow
$-1,246
after all expenses
Annual Cash Flow
$-14,957
before taxes
Cash Flow Breakdown
Monthly Rent$1,940
Less Expenses−$815
Less Mortgage−$2,371
Monthly Cash Flow$-1,246

Is Port Angeles a Good Place to Invest in Rental Property?

Port Angeles, WA has a population of 50,000 and has been growing at 1.1% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $485,000 paired with median rents of $1,940/mo produces an estimated cap rate of 2.85%.

Property taxes at 0.93% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 4.6% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.

At a price-to-income ratio of 7.7x, homes cost about 7.7 times the local median income of $62,750. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 2.8% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, Port Angeles is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

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