1113 N Olson Hill CtMedical LakeWA99022
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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 Medical Lake at 1113 N Olson Hill Ct, Medical Lake, WA, 99022 generates $3,221/mo in rent, after a $2,838/mo payment. Total monthly income is $3,221/mo. Return on cash invested sits at 18.27% in year one, and rental yield is 6.67% on a $579,900 entry. Equity gained on principal adds $3,742/yr, while 5% annual appreciation builds toward $160,216 over five years. Five-year ROI reaches 93.84% and total cumulative return in cash sums $179,029. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,221/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.32 Acres lot
$N/A/sqft
$60 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99022, Medical Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,752 (100%) |
| Owner Occupied HU | 2,726 (72.7%) |
| Renter Occupied HU | 865 (23.1%) |
| Vacant Housing Units | 161 ( 4.3%) |
| Median Home Value | $479,719 |
| Average Home Value | $519,804 |
Housing Distribution
Address Breakdown
Residential
2,660
Single Family
2,504
Multi-Family
156
Businesses
104
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Listed by: Crystal Delaney • eXp Realty, LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202514310
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.