2012 101st Avenue SE #2Lake 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
Rental property for sale in Lake Stevens at 2012 101st Avenue SE #2, Lake Stevens, WA, 98258 generates $3,616/mo in rent and, after a $2,937/mo payment, leaves $9/mo in cash flow. Total monthly income is $3,616/mo, and annual cash flow is $108/yr on $197,397 invested. Return on cash invested sits at 20.12% in year one, and rental yield is 7.23% on a $599,990 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,766 over five years. Five-year ROI reaches 103.7% and total cumulative return in cash sums $204,705. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,616/mo property income rather than buyer’s personal income.
Townhouse
Built in 2021
1,306 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: Kyle Wells • Windermere Real Estate JS
Mls Name: NWMLS
Mls ID: #2459318