1022 Cypress Court UNIT 1022BurlingtonWA98233
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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 Burlington at 1022 Cypress Court UNIT 1022, Burlington, WA, 98233 listed at $449,950 pairs $3,208/mo rent with a $2,202/mo payment. Total monthly income runs $3,208/mo. Return on cash invested measures 19.86% in year one, and rental yield registers 8.56% at a $449,950 basis. Equity gained on principal adds $2,903/yr, and annual property appreciation at 5% supports $124,313 by year five. Five-year ROI tracks 103.82% and total cumulative return in cash totals $154,850. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,208/mo property income relative to a $2,202/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1999
4,591 sqft lot
$N/A/sqft
$510 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98233, Burlington, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,544 (100%) |
| Owner Occupied HU | 4,008 (61.2%) |
| Renter Occupied HU | 2,291 (35.0%) |
| Vacant Housing Units | 245 ( 3.7%) |
| Median Home Value | $585,132 |
| Average Home Value | $608,769 |
Housing Distribution
Address Breakdown
Residential
6,321
Single Family
5,652
Multi-Family
669
Businesses
928
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Listed by: Ron D. Van Pelt • Elite Edge Real Estate, Inc
Mls Name: NWMLS
Mls Provider:
Mls ID: #2336207
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)