283 Division AvenueMortonWA98356
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Morton at 283 Division Avenue, Morton, WA, 98356 offers a 7.54% rental yield on a $449,000 purchase with $2,820/mo rent. Total monthly income registers $2,820/mo, and a $2,198/mo payment leaves $121/mo available for distribution. Annual cash flow reaches $1,447/yr on $148,844 to close, and return on cash invested stands at 20.88% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 107.83% and total cumulative return in cash at $160,504. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,820/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98356, Morton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,036 (100%) |
| Owner Occupied HU | 696 (67.2%) |
| Renter Occupied HU | 225 (21.7%) |
| Vacant Housing Units | 115 (11.1%) |
| Median Home Value | $404,020 |
| Average Home Value | $549,960 |
Housing Distribution
Address Breakdown
Residential
350
Single Family
350
Multi-Family
0
Businesses
122
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Listed by: Jennifer Kaatz • Keller Williams South Sound
Mls Name: NWMLS
Mls ID: #2463643