161 1st StreetMortonWA98356
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
Investment property for sale in Morton at 161 1st Street, Morton, WA, 98356 listed at $165,000 pairs $1,265/mo rent with a $808/mo payment to leave $273/mo cash flow. Total monthly income runs $1,265/mo, and annual cash flow reaches $3,273/yr on $54,698 cash to close. Return on cash invested measures 25.89% in year one, and rental yield registers 9.2% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 134.73% and total cumulative return in cash totals $73,691. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,265/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1980
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98356, Morton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,036 (100%) |
| Owner Occupied HU | 696 (67.2%) |
| Renter Occupied HU | 225 (21.7%) |
| Vacant Housing Units | 115 (11.1%) |
| Median Home Value | $404,020 |
| Average Home Value | $549,960 |
Housing Distribution
Address Breakdown
Residential
350
Single Family
350
Multi-Family
0
Businesses
122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Juanita Pina • 4 U Real Estate
Mls Name: NWMLS
Mls ID: #2459845