7490 Mill AvenueConcreteWA98237
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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 Concrete at 7490 Mill Avenue, Concrete, WA, 98237 offers a 12.86% rental yield on a $225,250 purchase with $2,414/mo rent. Total monthly income registers $2,414/mo, and a $1,102/mo payment leaves $1,060/mo available for distribution. Annual cash flow reaches $12,726/yr on $74,670 to close, and return on cash invested stands at 36.95% in year one. Equity gained on principal adds $1,454/yr while 5% annual appreciation supports $62,232 over five years. Portfolio math shows five-year ROI at 194.01% and total cumulative return in cash at $144,867. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,414/mo property income against a $1,102/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1911
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98237, Concrete, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,085 (100%) |
| Owner Occupied HU | 1,615 (52.4%) |
| Renter Occupied HU | 448 (14.5%) |
| Vacant Housing Units | 1,022 (33.1%) |
| Median Home Value | $406,847 |
| Average Home Value | $442,667 |
Housing Distribution
Address Breakdown
Residential
1,589
Single Family
1,566
Multi-Family
23
Businesses
103
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Listed by: Craig Degerness • KW North Sound
Mls Name: NWMLS
Mls ID: #2448672