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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Medical Lake at 15610 W State Route 2 Hwy #C16, Medical Lake, WA, 99022 offers a 9.43% rental yield on a $110,000 purchase with $864/mo rent. Total monthly income registers $864/mo, and a $538/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,438/yr on $36,465 to close, and return on cash invested stands at 26.59% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 138.58% and total cumulative return in cash at $50,532. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $864/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 99022, Medical Lake, WA area.
| 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 |
Residential
2,660
Single Family
2,504
Multi-Family
156
Businesses
104
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Mark Freeman • Keller Williams Spokane - Main
Mls Name: SMLS
Mls ID: #202520600
