5377 Timber Ridge 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
Rental property for sale in Mount Vernon at 5377 Timber Ridge Drive, Mount Vernon, WA, 98273 priced at $520,000 converts $2,370/mo rent into after a $2,545/mo obligation. Total monthly income equals $2,370/mo. Return on cash invested prints 14.76% in year one, and rental yield reads 5.47% against a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,666 by year five. Five-year ROI reaches 74.98% and total cumulative return in cash sums $128,279. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,370/mo property income covering a $2,545/mo payment, not borrower’s personal income.
Single Family
Built in 2007
4,356 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: Eric Duffer • Redfin
Mls Name: NWMLS
Mls ID: #2373490