21305 48th Avenue W #B205Mountlake TerraceWA98043
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 21305 48th Avenue W #B205, Mountlake Terrace, WA, 98043 in Mountlake Terrace is a conservative rental investment at $320,000. Rental yield 7.54%. A 1.40 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $88,410; $2,947/yr in principal paydown supplements. Total projected return: $92,048.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 6.2% |
| Monthly Cash Flow | $(490) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,011 |
| Total Monthly Debt Service | $2,374 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1978
N/A lot
$N/A/sqft
$578 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98043, Mountlake Terrace, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,432 (100%) |
| Owner Occupied HU | 5,573 (53.4%) |
| Renter Occupied HU | 4,342 (41.6%) |
| Vacant Housing Units | 517 ( 5.0%) |
| Median Home Value | $723,497 |
| Average Home Value | $765,585 |
Housing Distribution
Address Breakdown
Residential
9,582
Single Family
7,490
Multi-Family
2,092
Businesses
569
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1978
N/A lot
$N/A/sqft
$578 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98043, Mountlake Terrace, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,432 (100%) |
| Owner Occupied HU | 5,573 (53.4%) |
| Renter Occupied HU | 4,342 (41.6%) |
| Vacant Housing Units | 517 ( 5.0%) |
| Median Home Value | $723,497 |
| Average Home Value | $765,585 |
Housing Distribution
Address Breakdown
Residential
9,582
Single Family
7,490
Multi-Family
2,092
Businesses
569
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Arika Josephson • Windermere Real Estate/East
Mls Name: NWMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #2523596
Disclaimer: Based on information submitted to the MLS GRID as of 2026-05-15 08:24:16 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. 2026 NWMLS [Click here for more information](/mls-disclaimers/#39)