2610 E Section Street #12Mount VernonWA98274
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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 Mount Vernon at 2610 E Section Street #12, Mount Vernon, WA, 98274 listed at $315,000 pairs $2,831/mo rent with a $1,542/mo payment to leave $937/mo cash flow. Total monthly income runs $2,831/mo, and annual cash flow reaches $11,247/yr on $104,423 cash to close. Return on cash invested measures 30.68% in year one, and rental yield registers 10.78% at a $315,000 basis. Equity gained on principal adds $2,033/yr, and annual property appreciation at 5% supports $87,029 by year five. Five-year ROI tracks 160.41% and total cumulative return in cash totals $167,501. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,831/mo property income relative to a $1,542/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1991
6,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98274, Mount Vernon, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,287 (100%) |
| Owner Occupied HU | 5,848 (70.6%) |
| Renter Occupied HU | 1,556 (18.8%) |
| Vacant Housing Units | 883 (10.7%) |
| Median Home Value | $610,092 |
| Average Home Value | $639,892 |
Housing Distribution
Address Breakdown
Residential
7,506
Single Family
7,159
Multi-Family
347
Businesses
171
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Listed by: Ron D. Van Pelt • Elite Edge Real Estate, Inc
Mls Name: NWMLS
Mls ID: #2453955