19119 Ballinger Way NE #204Lake 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
Investment property for sale in Lake Forest Park at 19119 Ballinger Way NE #204, Lake Forest Park, WA, 98155 offers a 8.63% rental yield on a $419,950 purchase with $3,019/mo rent. Total monthly income registers $3,019/mo, and a $2,055/mo payment leaves $495/mo available for distribution. Annual cash flow reaches $5,941/yr on $139,213 to close, and return on cash invested stands at 24.18% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,024 over five years. Portfolio math shows five-year ROI at 125.52% and total cumulative return in cash at $174,735. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,019/mo property income against a $2,055/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A 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: Hideo Suganuma • Kohtoku Enterprise Inc.
Mls Name: NWMLS
Mls ID: #2413310