3301 Park Lane #BMount VernonWA98273
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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 3301 Park Lane #B, Mount Vernon, WA, 98273 listed at $429,000 pairs $3,372/mo rent with a $2,100/mo payment to leave $793/mo cash flow. Total monthly income runs $3,372/mo, and annual cash flow reaches $9,515/yr on $142,214 cash to close. Return on cash invested measures 26.6% in year one, and rental yield registers 9.43% at a $429,000 basis. Equity gained on principal adds $2,768/yr, and annual property appreciation at 5% supports $118,525 by year five. Five-year ROI tracks 138.48% and total cumulative return in cash totals $196,933. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,372/mo property income relative to a $2,100/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98273, Mount Vernon, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,638 (100%) |
| Owner Occupied HU | 7,934 (62.8%) |
| Renter Occupied HU | 4,252 (33.6%) |
| Vacant Housing Units | 452 ( 3.6%) |
| Median Home Value | $565,693 |
| Average Home Value | $598,444 |
Housing Distribution
Address Breakdown
Residential
11,314
Single Family
10,050
Multi-Family
1,264
Businesses
1,650
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Listed by: Spencer Roozen • Windermere RE Skagit Valley
Mls Name: NWMLS
Mls ID: #2441541