10425 24th Street SELake StevensWA98258
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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 Lake Stevens at 10425 24th Street SE, Lake Stevens, WA, 98258 listed at $579,600 pairs $3,570/mo rent with a $2,837/mo payment to leave $86/mo cash flow. Total monthly income runs $3,570/mo, and annual cash flow reaches $1,029/yr on $190,688 cash to close. Return on cash invested measures 20.6% in year one, and rental yield registers 7.39% at a $579,600 basis. Equity gained on principal adds $3,740/yr, and annual property appreciation at 5% supports $160,133 by year five. Five-year ROI tracks 106.28% and total cumulative return in cash totals $202,659. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,570/mo property income relative to a $2,837/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98258, Lake Stevens, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,564 (100%) |
| Owner Occupied HU | 15,349 (78.5%) |
| Renter Occupied HU | 3,813 (19.5%) |
| Vacant Housing Units | 402 ( 2.1%) |
| Median Home Value | $745,358 |
| Average Home Value | $840,577 |
Housing Distribution
Address Breakdown
Residential
19,099
Single Family
18,937
Multi-Family
162
Businesses
578
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Listed by: Brooke Bendzak • Windermere Real Estate/HLC
Mls Name: NWMLS
Mls ID: #2408215