215 S Fairchild StMedical LakeWA99022
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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
Investment property for sale in Medical Lake at 215 S Fairchild St, Medical Lake, WA, 99022 offers a 4.67% rental yield on a $614,900 purchase with $2,394/mo rent. 33% in year one. Equity gained on principal adds $3,968/yr while 5% annual appreciation supports $169,886 over five years. Portfolio math shows five-year ROI at 61.96% and total cumulative return in cash at $125,350. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,394/mo property income against a $3,010/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
4.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99022, Medical Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,752 (100%) |
| Owner Occupied HU | 2,726 (72.7%) |
| Renter Occupied HU | 865 (23.1%) |
| Vacant Housing Units | 161 ( 4.3%) |
| Median Home Value | $479,719 |
| Average Home Value | $519,804 |
Housing Distribution
Address Breakdown
Residential
2,660
Single Family
2,504
Multi-Family
156
Businesses
104
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Listed by: Matt Raby • Amplify Real Estate Services
Mls Name: SMLS
Mls ID: #202520973