6963 Steelhead LaneBurlingtonWA98233
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6963 Steelhead Lane, Burlington, WA, 98233 generates $3,335/mo in rent and, after a $2,570/mo payment, leaves $179/mo in cash flow. Total monthly income is $3,335/mo, and annual cash flow is $2,145/yr on $172,725 invested. Return on cash invested sits at 21.3% in year one, and rental yield is 7.62% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 110.05% and total cumulative return in cash sums $190,089. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,335/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
0.32 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Pilcher • NextHome Preview Properties
Mls Name: NWMLS
Mls ID: #2445605