21311 52nd Ave W APT E229Mountlake TerraceWA98043
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
Investment Highlights
Investment property for sale in Mountlake Terrace at 21311 52nd Ave W APT E229, Mountlake Terrace, WA, 98043 offers a 8.39% rental yield on a $356,500 purchase with $2,494/mo rent. Total monthly income registers $2,494/mo, and a $1,745/mo payment leaves $351/mo available for distribution. Annual cash flow reaches $4,211/yr on $118,180 to close, and return on cash invested stands at 23.47% in year one. Equity gained on principal adds $2,300/yr while 5% annual appreciation supports $98,494 over five years. Portfolio math shows five-year ROI at 121.71% and total cumulative return in cash at $143,835. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,494/mo property income against a $1,745/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
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: N/A • N/A
Mls Name: John L Scott Real Estate
Mls ID: #2373862