16958 Nilson RoadMount VernonWA98273
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 Mount Vernon at 16958 Nilson Road, Mount Vernon, WA, 98273 offers a 7.31% rental yield on a $639,000 purchase with $3,890/mo rent. Total monthly income registers $3,890/mo, and a $3,128/mo payment leaves $48/mo available for distribution. Annual cash flow reaches $581/yr on $210,231 to close, and return on cash invested stands at 20.34% in year one. Equity gained on principal adds $4,123/yr while 5% annual appreciation supports $176,544 over five years. Portfolio math shows five-year ROI at 104.88% and total cumulative return in cash at $220,480. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,890/mo property income against a $3,128/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98273, Mount Vernon, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,638 (100%) |
| Owner Occupied HU | 7,934 (62.8%) |
| Renter Occupied HU | 4,252 (33.6%) |
| Vacant Housing Units | 452 ( 3.6%) |
| Median Home Value | $565,693 |
| Average Home Value | $598,444 |
Housing Distribution
Address Breakdown
Residential
11,314
Single Family
10,050
Multi-Family
1,264
Businesses
1,650
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: George H. Roth • Coldwell Banker Bain
Mls Name: NWMLS
Mls ID: #2396808