1211 N 8th St APT 2Mount VernonWA98273
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
Investment Highlights
Rental property for sale in Mount Vernon at 1211 N 8th St APT 2, Mount Vernon, WA, 98273 generates $2,662/mo in rent and, after a $1,971/mo payment, leaves $6/mo in cash flow. Total monthly income is $2,662/mo, and annual cash flow is $76/yr on $133,495 invested. Return on cash invested sits at 19.97% in year one, and rental yield is 7.93% on a $402,700 entry. Equity gained on principal adds $2,599/yr, while 5% annual appreciation builds toward $111,259 over five years. Five-year ROI reaches 103.7% and total cumulative return in cash sums $138,432. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,662/mo property income rather than buyer’s personal income.
Condo
Built in 1979
782 sqft lot
$N/A/sqft
$235 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98273, Mount Vernon, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,638 (100%) |
| Owner Occupied HU | 7,934 (62.8%) |
| Renter Occupied HU | 4,252 (33.6%) |
| Vacant Housing Units | 452 ( 3.6%) |
| Median Home Value | $565,693 |
| Average Home Value | $598,444 |
Housing Distribution
Address Breakdown
Residential
11,314
Single Family
10,050
Multi-Family
1,264
Businesses
1,650
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A