579 Lupine Lane #16BurlingtonWA98233
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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 Burlington at 579 Lupine Lane #16, Burlington, WA, 98233 earns $262/mo cash flow from $1,855/mo rent with a $1,297/mo payment. Total monthly income totals $1,855/mo, and annual cash flow totals $3,145/yr on $87,848 capital. ROI tracks 23.49% on current figures, and rental yield reads 8.4% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 121.86% and total cumulative return in cash sums $107,055. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,855/mo property income instead of your personal income.
Manufactured
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98233, Burlington, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,544 (100%) |
| Owner Occupied HU | 4,008 (61.2%) |
| Renter Occupied HU | 2,291 (35.0%) |
| Vacant Housing Units | 245 ( 3.7%) |
| Median Home Value | $585,132 |
| Average Home Value | $608,769 |
Housing Distribution
Address Breakdown
Residential
6,321
Single Family
5,652
Multi-Family
669
Businesses
928
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Listed by: Shalyce Pocock • John L. Scott Anacortes
Mls Name: NWMLS
Mls ID: #2458220