973 Davis Lake RoadMortonWA98356
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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 Morton at 973 Davis Lake Road, Morton, WA, 98356 generates $1,433/mo in rent and, after a $881/mo payment, leaves $351/mo in cash flow. Total monthly income is $1,433/mo, and annual cash flow is $4,212/yr on $59,670 invested. Return on cash invested sits at 26.97% in year one, and rental yield is 9.55% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 140.44% and total cumulative return in cash sums $83,801. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,433/mo property income rather than buyer’s personal income.
Manufactured
Built in 1989
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98356, Morton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,036 (100%) |
| Owner Occupied HU | 696 (67.2%) |
| Renter Occupied HU | 225 (21.7%) |
| Vacant Housing Units | 115 (11.1%) |
| Median Home Value | $404,020 |
| Average Home Value | $549,960 |
Housing Distribution
Address Breakdown
Residential
350
Single Family
350
Multi-Family
0
Businesses
122
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Listed by: Karen Elizabeth Cortel • Mountain Valley Real Estate
Mls Name: NWMLS
Mls ID: #2453665