2221 N Fairchild DrMedical 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
Rental property for sale in Medical Lake at 2221 N Fairchild Dr, Medical Lake, WA, 99022 offers $4,313/mo rent that, after a $4,564/mo payment. Total monthly income is $4,313/mo. Return on cash invested measures 15.01% in year one, and rental yield stands at 5.55% at a $932,500 entry. Equity gained on principal adds $6,017/yr while 5% annual appreciation compounds into $257,633 by year five. Five-year ROI records 76.27% and total cumulative return in cash reaches $234,003. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,313/mo property income versus a $4,564/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
4.92 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: Marcy Mongan • Windermere Manito, LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202517583
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.