15204 N Chesapeake RdMeadWA99021
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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 Mead at 15204 N Chesapeake Rd, Mead, WA, 99021 generates $3,390/mo in rent and, after a $2,709/mo payment, leaves $63/mo in cash flow. Total monthly income is $3,390/mo, and annual cash flow is $755/yr on $182,102 invested. Return on cash invested sits at 20.47% in year one, and rental yield is 7.35% on a $553,500 entry. Equity gained on principal adds $3,572/yr, while 5% annual appreciation builds toward $152,922 over five years. Five-year ROI reaches 105.6% and total cumulative return in cash sums $192,305. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,390/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.36 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: Colleen Curtis • John L Scott, Inc.
Mls Name: SMLS
Mls ID: #202527118