216 Sandy LaneElectric CityWA99123
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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 Electric City at 216 Sandy Lane, Electric City, WA, 99123 priced at $535,000 converts $2,851/mo rent into after a $2,619/mo obligation. Total monthly income equals $2,851/mo. Return on cash invested prints 17.57% in year one, and rental yield reads 6.39% against a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation compiles into $147,811 by year five. Five-year ROI reaches 90.04% and total cumulative return in cash sums $158,476. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,851/mo property income covering a $2,619/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99123, Electric City, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 481 (100%) |
| Owner Occupied HU | 328 (68.2%) |
| Renter Occupied HU | 93 (19.3%) |
| Vacant Housing Units | 60 (12.5%) |
| Median Home Value | $422,759 |
| Average Home Value | $410,419 |
Housing Distribution
Address Breakdown
Residential
51
Single Family
51
Multi-Family
0
Businesses
28
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Listed by: Caleb Phillips • eXp Realty
Mls Name: NWMLS
Mls ID: #2460796