20609 Nelson LaneBurlingtonWA98233
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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 Burlington at 20609 Nelson Lane, Burlington, WA, 98233 uses $33,150 cash to close to unlock $19,396/yr annual cash flow and $1,616/mo monthly cash flow. Total monthly income runs $2,217/mo, and a $489/mo payment keeps the spread at $1,616/mo. Purchase price stands at $100,000, and rental yield measures 26.6% with $2,217/mo rent. Return on cash invested shows 78.42% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 416.48% and total cumulative return in cash records $138,064. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,217/mo property income covering a $489/mo payment rather than investor’s personal income.
Manufactured
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98233, Burlington, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,544 (100%) |
| Owner Occupied HU | 4,008 (61.2%) |
| Renter Occupied HU | 2,291 (35.0%) |
| Vacant Housing Units | 245 ( 3.7%) |
| Median Home Value | $585,132 |
| Average Home Value | $608,769 |
Housing Distribution
Address Breakdown
Residential
6,321
Single Family
5,652
Multi-Family
669
Businesses
928
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Listed by: Karin Peck • NextHome 365 Realty
Mls Name: NWMLS
Mls ID: #2464487