16524 37th Avenue NELake Forest ParkWA98155
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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 Lake Forest Park at 16524 37th Avenue NE, Lake Forest Park, WA, 98155 generates $5,376/mo in rent, after a $6,509/mo payment. Total monthly income is $5,376/mo. Return on cash invested sits at 13.08% in year one, and rental yield is 4.85% on a $1,329,950 entry. Equity gained on principal adds $8,582/yr, while 5% annual appreciation builds toward $367,441 over five years. Five-year ROI reaches 65.87% and total cumulative return in cash sums $283,846. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,376/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98155, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,250 (100%) |
| Owner Occupied HU | 9,696 (63.6%) |
| Renter Occupied HU | 4,890 (32.1%) |
| Vacant Housing Units | 664 ( 4.4%) |
| Median Home Value | $838,733 |
| Average Home Value | $955,198 |
Housing Distribution
Address Breakdown
Residential
14,728
Single Family
11,797
Multi-Family
2,931
Businesses
607
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Listed by: Adam J Hestad • COMPASS
Mls Name: NWMLS
Mls ID: #2420728