803 S Laventure Road #AMount VernonWA98274
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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 Mount Vernon at 803 S Laventure Road #A, Mount Vernon, WA, 98274 with 5% annual appreciation on a $305,000 basis while $2,365/mo rent supports operations. Total monthly income totals $2,365/mo and a $1,493/mo payment preserves $531/mo for cash returns. Annual cash flow comes to $6,377/yr on $101,108 deployed, and return on cash invested reaches 26.22% in year one. Equity gained on principal adds $1,968/yr, and five-year appreciation sums $84,266 alongside rental yield of 9.3%. Five-year ROI measures 136.45% and total cumulative return in cash totals $137,962.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,365/mo property income versus a $1,493/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98274, Mount Vernon, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,287 (100%) |
| Owner Occupied HU | 5,848 (70.6%) |
| Renter Occupied HU | 1,556 (18.8%) |
| Vacant Housing Units | 883 (10.7%) |
| Median Home Value | $610,092 |
| Average Home Value | $639,892 |
Housing Distribution
Address Breakdown
Residential
7,506
Single Family
7,159
Multi-Family
347
Businesses
171
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Listed by: Pam Baird • John L. Scott Skagit
Mls Name: NWMLS
Mls ID: #2419401