12989 Phillips Ridge Road SEMonroeWA98272
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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 Monroe at 12989 Phillips Ridge Road SE, Monroe, WA, 98272 offers a 6.32% rental yield on a $650,000 purchase with $3,424/mo rent. 35% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 88.87% and total cumulative return in cash at $190,046. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,424/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98272, Monroe, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,069 (100%) |
| Owner Occupied HU | 8,158 (73.7%) |
| Renter Occupied HU | 2,412 (21.8%) |
| Vacant Housing Units | 499 ( 4.5%) |
| Median Home Value | $784,884 |
| Average Home Value | $871,653 |
Housing Distribution
Address Breakdown
Residential
10,519
Single Family
9,598
Multi-Family
921
Businesses
1,124
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Listed by: James Ole Olson • The Preview Group
Mls Name: NWMLS
Mls ID: #2412946