12124 N Myrtle StMeadWA99021
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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 Mead at 12124 N Myrtle St, Mead, WA, 99021 offers a 8.35% rental yield on a $334,999 purchase with $2,331/mo rent. Total monthly income registers $2,331/mo, and a $1,640/mo payment leaves $317/mo available for distribution. Annual cash flow reaches $3,803/yr on $111,052 to close, and return on cash invested stands at 23.33% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 120.97% and total cumulative return in cash at $134,336. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,331/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99021, Mead, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,826 (100%) |
| Owner Occupied HU | 3,359 (87.8%) |
| Renter Occupied HU | 340 ( 8.9%) |
| Vacant Housing Units | 127 ( 3.3%) |
| Median Home Value | $488,581 |
| Average Home Value | $563,364 |
Housing Distribution
Address Breakdown
Residential
3,526
Single Family
3,526
Multi-Family
0
Businesses
249
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Listed by: Skylar Oberst • Amplify Real Estate Services
Mls Name: SMLS
Mls ID: #202526130