310 S 11th Street #106Mount 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 310 S 11th Street #106, Mount Vernon, WA, 98274 earns $681/mo cash flow from $2,424/mo rent with a $1,419/mo payment. Total monthly income totals $2,424/mo, and annual cash flow totals $8,174/yr on $96,135 capital. ROI tracks 28.41% on current figures, and rental yield reads 10.03% at a $290,000 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,122 over five years. Five-year ROI reaches 148.26% and total cumulative return in cash sums $142,528. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,424/mo property income instead of your personal income.
Condo
Built in 1965
1,755 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: Hans Ostrander • Windermere Real Estate/CIR
Mls Name: NWMLS
Mls ID: #2381537