620 S Walnut StreetBurlingtonWA98233
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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 620 S Walnut Street, Burlington, WA, 98233 priced at $531,700 converts $2,493/mo rent into after a $2,602/mo obligation. Total monthly income equals $2,493/mo. Return on cash invested prints 15.24% in year one, and rental yield reads 5.63% against a $531,700 entry. Equity gained on principal adds $3,431/yr, while 5% annual appreciation compiles into $146,899 by year five. Five-year ROI reaches 77.55% and total cumulative return in cash sums $135,660. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,493/mo property income covering a $2,602/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.53 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: Danya Wolf • Skagit Tradition Realty, LLC
Mls Name: NWMLS
Mls Provider:
Mls ID: #2373303
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)