19230 Forest Park Drive NE #J131Lake 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 19230 Forest Park Drive NE #J131, Lake Forest Park, WA, 98155 listed at $389,950 pairs $2,644/mo rent with a $1,909/mo payment to leave $300/mo cash flow. Total monthly income runs $2,644/mo, and annual cash flow reaches $3,595/yr on $129,268 cash to close. Return on cash invested measures 22.69% in year one, and rental yield registers 8.14% at a $389,950 basis. Equity gained on principal adds $2,516/yr, and annual property appreciation at 5% supports $107,736 by year five. Five-year ROI tracks 117.53% and total cumulative return in cash totals $151,925. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,644/mo property income relative to a $1,909/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1991
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: Brian Alfi • Windermere R.E. Shoreline
Mls Name: NWMLS
Mls ID: #2437100