1301 Mitchell AvenueBlaineWA98230
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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 Blaine at 1301 Mitchell Avenue, Blaine, WA, 98230 priced at $810,000 pairs $2,887/mo rent with after a $3,965/mo payment. Total monthly income equals $2,887/mo. Return on cash invested is 11.13% in year one, and rental yield stands at 4.28% on a $810,000 basis. Equity gained on principal adds $5,227/yr, and 5% annual appreciation accumulates to $223,788 by year five. Five-year ROI measures 55.52% and total cumulative return in cash reaches $147,951. For financing, Ziffy Mortgage’s DSCR program evaluates $2,887/mo property income against a $3,965/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1999
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98230, Blaine, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,151 (100%) |
| Owner Occupied HU | 6,339 (62.4%) |
| Renter Occupied HU | 1,872 (18.4%) |
| Vacant Housing Units | 1,940 (19.1%) |
| Median Home Value | $658,379 |
| Average Home Value | $704,756 |
Housing Distribution
Address Breakdown
Residential
9,255
Single Family
8,912
Multi-Family
343
Businesses
469
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Listed by: Kena Greer Brashear • Muljat Group
Mls Name: NWMLS
Mls ID: #2452190