1817 S 3rd StreetMount VernonWA98273
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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 Mount Vernon at 1817 S 3rd Street, Mount Vernon, WA, 98273 generates $3,212/mo in rent and, after a $2,374/mo payment, leaves $296/mo in cash flow. Total monthly income is $3,212/mo, and annual cash flow is $3,557/yr on $160,778 invested. Return on cash invested sits at 22.12% in year one, and rental yield is 7.95% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 114.48% and total cumulative return in cash sums $184,058. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,212/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
6,534 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
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Listed by: Casey Price • Windermere Real Estate/M2, LLC
Mls Name: NWMLS
Mls ID: #2425646