612 Elizabeth StreetMonroeWA98272
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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 Monroe at 612 Elizabeth Street, Monroe, WA, 98272 priced at $619,000 converts $3,320/mo rent into after a $3,030/mo obligation. Total monthly income equals $3,320/mo. Return on cash invested prints 17.7% in year one, and rental yield reads 6.44% against a $619,000 entry. Equity gained on principal adds $3,994/yr, while 5% annual appreciation compiles into $171,018 by year five. Five-year ROI reaches 90.7% and total cumulative return in cash sums $184,717. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,320/mo property income covering a $3,030/mo payment, not borrower’s personal income.
Single Family
Built in 2005
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98272, Monroe, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,069 (100%) |
| Owner Occupied HU | 8,158 (73.7%) |
| Renter Occupied HU | 2,412 (21.8%) |
| Vacant Housing Units | 499 ( 4.5%) |
| Median Home Value | $784,884 |
| Average Home Value | $871,653 |
Housing Distribution
Address Breakdown
Residential
10,519
Single Family
9,598
Multi-Family
921
Businesses
1,124
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Listed by: Beth Ivey • Buck Real Estate
Mls Name: NWMLS
Mls ID: #2464749