1148 SW Shorebrook DriveNormandy ParkWA98166
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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 Normandy Park at 1148 SW Shorebrook Drive, Normandy Park, WA, 98166 generates $7,360/mo in rent, after a $8,076/mo payment. Total monthly income is $7,360/mo. Return on cash invested sits at 14.63% in year one, and rental yield is 5.35% on a $1,650,000 entry. Equity gained on principal adds $10,647/yr, while 5% annual appreciation builds toward $455,865 over five years. Five-year ROI reaches 74.18% and total cumulative return in cash sums $396,569. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,360/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98166, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,142 (100%) |
| Owner Occupied HU | 6,185 (61.0%) |
| Renter Occupied HU | 3,384 (33.4%) |
| Vacant Housing Units | 573 ( 5.6%) |
| Median Home Value | $910,763 |
| Average Home Value | $1,058,429 |
Housing Distribution
Address Breakdown
Residential
9,347
Single Family
7,459
Multi-Family
1,888
Businesses
843
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Listed by: Candance Legg-Cadigan • Windermere West Metro
Mls Name: NWMLS
Mls ID: #2409165