2024 80th Ave SEMercer IslandWA98040
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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 Mercer Island at 2024 80th Ave SE, Mercer Island, WA, 98040 generates $8,039/mo in rent, after a $9,730/mo payment. Total monthly income is $8,039/mo. Return on cash invested sits at 13.08% in year one, and rental yield is 4.85% on a $1,988,000 entry. Equity gained on principal adds $12,828/yr, while 5% annual appreciation builds toward $549,248 over five years. Five-year ROI reaches 65.91% and total cumulative return in cash sums $424,520. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,039/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98040, Mercer Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,336 (100%) |
| Owner Occupied HU | 6,740 (65.2%) |
| Renter Occupied HU | 3,067 (29.7%) |
| Vacant Housing Units | 529 ( 5.1%) |
| Median Home Value | $1,836,089 |
| Average Home Value | $1,747,263 |
Housing Distribution
Address Breakdown
Residential
10,286
Single Family
7,433
Multi-Family
2,853
Businesses
935
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Listed by: Diane Tien • Realogics Sotheby's International Realty
Mls Name: Realogics Sothebys International Realty
Mls ID: #2422314