319 Short Columbia StreetMonroeWA98272
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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 Monroe at 319 Short Columbia Street, Monroe, WA, 98272 priced at $663,000 converts $4,447/mo rent into $462/mo cash flow after a $3,245/mo obligation. Total monthly income equals $4,447/mo, and annual cash flow totals $5,540/yr on $218,127 invested. Return on cash invested prints 22.6% in year one, and rental yield reads 8.05% against a $663,000 entry. Equity gained on principal adds $4,278/yr, while 5% annual appreciation compiles into $183,175 by year five. Five-year ROI reaches 117% and total cumulative return in cash sums $255,219. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,447/mo property income covering a $3,245/mo payment, not borrower’s personal income.
Single Family
Built in 1907
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98272, Monroe, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,069 (100%) |
| Owner Occupied HU | 8,158 (73.7%) |
| Renter Occupied HU | 2,412 (21.8%) |
| Vacant Housing Units | 499 ( 4.5%) |
| Median Home Value | $784,884 |
| Average Home Value | $871,653 |
Housing Distribution
Address Breakdown
Residential
10,519
Single Family
9,598
Multi-Family
921
Businesses
1,124
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Listed by: Marlene Rouleau • Windermere Real Estate/M2, LLC
Mls Name: NWMLS
Mls ID: #2443351