1215 Skagit 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 1215 Skagit Street, Mount Vernon, WA, 98274 listed at $499,900 pairs $3,227/mo rent with a $2,447/mo payment to leave $211/mo cash flow. Total monthly income runs $3,227/mo, and annual cash flow reaches $2,531/yr on $165,717 cash to close. Return on cash invested measures 21.44% in year one, and rental yield registers 7.75% at a $499,900 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,113 by year five. Five-year ROI tracks 110.82% and total cumulative return in cash totals $183,648. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,227/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
4,356 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: Julia Phillip • eXp Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2303722
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, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 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.