235 Morton StreetSumasWA98295
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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 Sumas at 235 Morton Street, Sumas, WA, 98295 priced at $524,900 converts $2,469/mo rent into after a $2,569/mo obligation. Total monthly income equals $2,469/mo. Return on cash invested prints 15.29% in year one, and rental yield reads 5.64% against a $524,900 entry. Equity gained on principal adds $3,387/yr, while 5% annual appreciation compiles into $145,020 by year five. Five-year ROI reaches 77.81% and total cumulative return in cash sums $134,365. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,469/mo property income covering a $2,569/mo payment, not borrower’s personal income.
Single Family
Built in 2017
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98295, Sumas, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,233 (100%) |
| Owner Occupied HU | 836 (67.8%) |
| Renter Occupied HU | 335 (27.2%) |
| Vacant Housing Units | 62 ( 5.0%) |
| Median Home Value | $606,996 |
| Average Home Value | $635,778 |
Housing Distribution
Address Breakdown
Residential
1,011
Single Family
1,011
Multi-Family
0
Businesses
194
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Listed by: TJ Ackerman • Muljat Group
Mls Name: NWMLS
Mls ID: #2404388