2610 E Section Street #20, Mount Vernon, WA, 98274 | $199/mo Cash Flow

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2610 E Section Street #20, Mount Vernon, WA, 98274 | $199/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mount Vernon at 2610 E Section Street #20, Mount Vernon, WA, 98274 offers a 8.19% rental yield on a $245,000 purchase with $1,672/mo rent. Total monthly income registers $1,672/mo, and a $1,199/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,393/yr on $81,218 to close, and return on cash invested stands at 22.86% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 118.45% and total cumulative return in cash at $96,204. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,672/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1994

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to Little Mountain Estates, a vibrant 55+ community! This spacious 3-bedroom, 2-bath home offers 1,848 sq ft of living space on a large, private lot along the desirable western edge of the parkbacking up to a peaceful greenbelt for extra privacy. Enjoy the outdoors from your covered patio and fully fenced backyard. Roof and siding were updated around 2017. Inside, you'll find a unique and open floor plan featuring an updated kitchen, a generous primary suite with a five-piece bathincluding a jetted Jacuzzi tuband excellent closet space. There's also a carport with attached workshop and abundant storage. Community amenities include a clubhouse, pool, crafting room, and RV storage. Ideally locateddont miss this opportunity!

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