5968 State Route 508MortonWA98356
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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 Morton at 5968 State Route 508, Morton, WA, 98356 offers a 4.55% rental yield on a $513,000 purchase with $1,943/mo rent. 95% in year one. Equity gained on principal adds $3,310/yr while 5% annual appreciation supports $141,732 over five years. Portfolio math shows five-year ROI at 59.91% and total cumulative return in cash at $101,109. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,943/mo property income against a $2,511/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
4.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98356, Morton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,036 (100%) |
| Owner Occupied HU | 696 (67.2%) |
| Renter Occupied HU | 225 (21.7%) |
| Vacant Housing Units | 115 (11.1%) |
| Median Home Value | $404,020 |
| Average Home Value | $549,960 |
Housing Distribution
Address Breakdown
Residential
350
Single Family
350
Multi-Family
0
Businesses
122
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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