585 Poplar PlaceBurlingtonWA98233
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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 Burlington at 585 Poplar Place, Burlington, WA, 98233 offers $3,143/mo rent that, after a $2,540/mo payment, leaves $23/mo cash flow. Total monthly income is $3,143/mo, and annual cash flow is $281/yr on $170,751 cash. Return on cash invested measures 20.23% in year one, and rental yield stands at 7.27% at a $519,000 entry. Equity gained on principal adds $3,349/yr while 5% annual appreciation compounds into $143,390 by year five. Five-year ROI records 104.28% and total cumulative return in cash reaches $178,065. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,143/mo property income versus a $2,540/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.26 Acres 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: Annie Pederson • John L. Scott Bellingham
Mls Name: NWMLS
Mls ID: #2471004