10514 Madrona DriveAnderson IslandWA98303
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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 Anderson Island at 10514 Madrona Drive, Anderson Island, WA, 98303 uses $194,110 cash to close to unlock $4,498/yr annual cash flow and $375/mo monthly cash flow. Total monthly income runs $4,105/mo, and a $2,888/mo payment keeps the spread at $375/mo. Purchase price stands at $590,000, and rental yield measures 8.35% with $4,105/mo rent. Return on cash invested shows 22.38% in year one, and 5% annual appreciation builds toward $163,006 over five years. Five-year ROI reaches 116.22% and total cumulative return in cash records $225,592. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,105/mo property income covering a $2,888/mo payment rather than investor’s personal income.
Single Family
Built in 2021
8,764 sqft lot
$N/A/sqft
$837 annually HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 98303, Anderson Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,174 (100%) |
| Owner Occupied HU | 612 (52.1%) |
| Renter Occupied HU | 81 ( 6.9%) |
| Vacant Housing Units | 481 (41.0%) |
| Median Home Value | $645,701 |
| Average Home Value | $708,538 |
Housing Distribution
Address Breakdown
Residential
960
Single Family
960
Multi-Family
0
Businesses
19
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-13 | Listed for sale | $590,000 |
| 2014-07-02 | Sold | $2,708 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $6318.19 | -1.18% | $602,700 | -9.01% |
| 2022-11-20 | $6393.66 | 134.50% | $662,400 | 171.14% |
| 2021-11-20 | $2726.52 | 3081.10% | $244,300 | 6328.95% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2021
- Architectural Style: Northwest Contemporary
- Building Area: 2,867
- Living Area: 2,867 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air
- Cooling: Forced Air
- Flooring: Ceramic Tile, Hardwood
- Interior Features: Bath Off Primary, Ceiling Fan(s), Dining Room, Vaulted Ceiling(s), Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: Driveway, Attached Garage, Off Street
Location
- City: Anderson Island
- State: WA
- Subdivision: Lake Josephine
- Lot Size: 8,764 sqft
- Lot Features: Paved, Deck, Patio
- View: Territorial
HOA & Fees
- HOA Fee: $837 annually
- Association Fee: $837 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank, Company: Septic
- Water Source: Community, Shared Well, Company: Lake Josephine Riviera
- Road Surface Type: N/A
School Information
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Listed by: Tracey Forde • Keller Williams Realty Bothell
Mls Name: NWMLS
Mls Provider:
Mls ID: #2289094
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website.