1123 Shantel StreetMount VernonWA98274
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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 Mount Vernon at 1123 Shantel Street, Mount Vernon, WA, 98274 offers a 7.51% rental yield on a $585,000 purchase with $3,662/mo rent. Total monthly income registers $3,662/mo, and a $2,863/mo payment leaves $146/mo available for distribution. Annual cash flow reaches $1,749/yr on $192,465 to close, and return on cash invested stands at 20.97% in year one. Equity gained on principal adds $3,775/yr while 5% annual appreciation supports $161,625 over five years. Portfolio math shows five-year ROI at 108.25% and total cumulative return in cash at $208,350. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,662/mo property income against a $2,863/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98274, Mount Vernon, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,287 (100%) |
| Owner Occupied HU | 5,848 (70.6%) |
| Renter Occupied HU | 1,556 (18.8%) |
| Vacant Housing Units | 883 (10.7%) |
| Median Home Value | $610,092 |
| Average Home Value | $639,892 |
Housing Distribution
Address Breakdown
Residential
7,506
Single Family
7,159
Multi-Family
347
Businesses
171
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Listed by: Marla Renee Chapa • Keller Williams Western Realty
Mls Name: NWMLS
Mls ID: #2457427