649 Washington Place SWMukilteoWA98275
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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 Mukilteo at 649 Washington Place SW, Mukilteo, WA, 98275 with 5% annual appreciation on a $949,000 basis while $4,220/mo rent supports operations. 35% in year one. Equity gained on principal adds $6,124/yr, and five-year appreciation sums $262,191 alongside rental yield of 5.34%. Five-year ROI measures 72.79% and total cumulative return in cash totals $227,280. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,220/mo property income versus a $4,645/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1992
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98275, Mukilteo, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,691 (100%) |
| Owner Occupied HU | 5,871 (67.6%) |
| Renter Occupied HU | 2,549 (29.3%) |
| Vacant Housing Units | 271 ( 3.1%) |
| Median Home Value | $955,225 |
| Average Home Value | $1,022,776 |
Housing Distribution
Address Breakdown
Residential
8,590
Single Family
6,547
Multi-Family
2,043
Businesses
792
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Listed by: Lindsay NcCorchuk • eXp Realty
Mls Name: NWMLS
Mls ID: #2470582