1160 Decatur CircleBurlingtonWA98233
Nearby investment properties with comparable rents
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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
Rental property for sale in Burlington at 1160 Decatur Circle, Burlington, WA, 98233 generates $2,227/mo in rent, after a $1,958/mo payment. Total monthly income is $2,227/mo. Return on cash invested sits at 18.3% in year one, and rental yield is 6.68% on a $399,950 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,499 over five years. Five-year ROI reaches 94.01% and total cumulative return in cash sums $124,644. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,227/mo property income rather than buyer’s personal income.
Condo
Built in 2003
3,484 sqft lot
$N/A/sqft
No 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: Lindsay NcCorchuk • eXp Realty
Mls Name: NWMLS
Mls ID: #2395617