220 Skagit WayLa ConnerWA98257
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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 La Conner at 220 Skagit Way, La Conner, WA, 98257 offers a 8.61% rental yield on a $379,000 purchase with $2,720/mo rent. Total monthly income registers $2,720/mo, and a $1,855/mo payment leaves $442/mo available for distribution. Annual cash flow reaches $5,301/yr on $125,639 to close, and return on cash invested stands at 24.13% in year one. Equity gained on principal adds $2,446/yr while 5% annual appreciation supports $104,711 over five years. Portfolio math shows five-year ROI at 125.23% and total cumulative return in cash at $157,343. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,720/mo property income against a $1,855/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
8,820 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98257, La Conner, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,392 (100%) |
| Owner Occupied HU | 1,635 (68.4%) |
| Renter Occupied HU | 499 (20.9%) |
| Vacant Housing Units | 258 (10.8%) |
| Median Home Value | $659,539 |
| Average Home Value | $724,063 |
Housing Distribution
Address Breakdown
Residential
1,727
Single Family
1,605
Multi-Family
122
Businesses
227
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Listed by: Kelli Lang • RE/MAX Gateway
Mls Name: NWMLS
Mls ID: #2421813