997 Chestnut LoopMount 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
Total monthly income runs $3,473/mo, and a $3,622/mo payment. Purchase price stands at $740,000, and rental yield measures 5.63% with $3,473/mo rent. Return on cash invested shows 13.21% in year one, and 5% annual appreciation builds toward $204,448 over five years. Five-year ROI reaches 67.4% and total cumulative return in cash records $164,098. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,473/mo property income covering a $3,622/mo payment rather than investor’s personal income.
Single Family
Built in 2008
7,840 sqft lot
$N/A/sqft
$275 monthly 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: Lee Ann Dean • NextHome Preview Properties
Mls Name: NWMLS
Mls Provider:
Mls ID: #2376188
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-04 03:04:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)