2002 101 Street SE #4Lake StevensWA98258
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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 Stevens at 2002 101 Street SE #4, Lake Stevens, WA, 98258 offers a 7.72% rental yield on a $495,000 purchase with $3,185/mo rent. Total monthly income registers $3,185/mo, and a $2,423/mo payment leaves $209/mo available for distribution. Annual cash flow reaches $2,511/yr on $164,093 to close, and return on cash invested stands at 21.44% in year one. Equity gained on principal adds $3,194/yr while 5% annual appreciation supports $136,759 over five years. Portfolio math shows five-year ROI at 110.83% and total cumulative return in cash at $181,858. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,185/mo property income against a $2,423/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2020
1,102 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98258, Lake Stevens, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,564 (100%) |
| Owner Occupied HU | 15,349 (78.5%) |
| Renter Occupied HU | 3,813 (19.5%) |
| Vacant Housing Units | 402 ( 2.1%) |
| Median Home Value | $745,358 |
| Average Home Value | $840,577 |
Housing Distribution
Address Breakdown
Residential
19,099
Single Family
18,937
Multi-Family
162
Businesses
578
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Listed by: Elaign Fawcett • Fathom Realty WA LLC
Mls Name: NWMLS
Mls ID: #2458536