4208 Seneca DriveMount 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 4208 Seneca Drive, Mount Vernon, WA, 98273 offers a 7.28% rental yield on a $540,000 purchase with $3,277/mo rent. Total monthly income registers $3,277/mo, and a $2,643/mo payment leaves $31/mo available for distribution. Annual cash flow reaches $372/yr on $177,660 to close, and return on cash invested stands at 20.27% in year one. Equity gained on principal adds $3,485/yr while 5% annual appreciation supports $149,192 over five years. Portfolio math shows five-year ROI at 104.49% and total cumulative return in cash at $185,642. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,277/mo property income against a $2,643/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.33 Acres 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: Melinda D. Wade • KW North Sound
Mls Name: NWMLS
Mls ID: #2448552