21306 48th Avenue W #C2Mountlake TerraceWA98043
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 21306 48th Avenue W #C2, Mountlake Terrace, WA, 98043 in Mountlake Terrace. Rental yield 7.42%. The 1.38 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $121,550 and $4,052/yr in principal reduction project total return of $171,360.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 6.2% |
| Monthly Cash Flow | $(324) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,720 |
| Total Monthly Debt Service | $2,470 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Townhouse
Built in 1985
N/A lot
$N/A/sqft
No 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
Townhouse
Built in 1985
N/A lot
$N/A/sqft
No 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: Joshua Yi • Best Choice Realty LLC
Mls Name: NWMLS
Mls ID: #2482808