1301 McMillan AvenueSumnerWA98390
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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 Sumner at 1301 McMillan Avenue, Sumner, WA, 98390 listed at $584,950 pairs $3,178/mo rent with a $2,863/mo payment. Total monthly income runs $3,178/mo. Return on cash invested measures 17.95% in year one, and rental yield registers 6.52% at a $584,950 basis. Equity gained on principal adds $3,775/yr, and annual property appreciation at 5% supports $161,611 by year five. Five-year ROI tracks 92.07% and total cumulative return in cash totals $177,195. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,178/mo property income relative to a $2,863/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
7,731 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98390, Sumner, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,161 (100%) |
| Owner Occupied HU | 2,807 (54.4%) |
| Renter Occupied HU | 2,152 (41.7%) |
| Vacant Housing Units | 202 ( 3.9%) |
| Median Home Value | $596,064 |
| Average Home Value | $614,723 |
Housing Distribution
Address Breakdown
Residential
4,858
Single Family
4,313
Multi-Family
545
Businesses
961
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Listed by: Jonnie Mooney • Rain Town Realty + JPAR
Mls Name: NWMLS
Mls ID: #2461079