21906 56th Avenue W #C2Mountlake TerraceWA98043
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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 Mountlake Terrace at 21906 56th Avenue W #C2, Mountlake Terrace, WA, 98043 offers a 10.67% rental yield on a $400,000 purchase with $3,558/mo rent. Total monthly income registers $3,558/mo, and a $1,958/mo payment leaves $1,153/mo available for distribution. Annual cash flow reaches $13,840/yr on $132,600 to close, and return on cash invested stands at 30.35% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 158.6% and total cumulative return in cash at $210,304. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,558/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1990
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
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Listed by: Jim Rockwell • Rockwell Realty LLC
Mls Name: NWMLS
Mls ID: #2395188