643 Monroe 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 643 Monroe Street, Monroe, WA, 98272 generates $2,438/mo in rent, after a $2,349/mo payment. Total monthly income is $2,438/mo. Return on cash invested sits at 16.54% in year one, and rental yield is 6.1% on a $479,950 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,601 over five years. Five-year ROI reaches 84.56% and total cumulative return in cash sums $134,533. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,438/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
4,356 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: Corrie Hayes • John L. Scott Snohomish
Mls Name: NWMLS
Mls ID: #2434293