2238 100th Drive SELake StevensWA98258
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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 Lake Stevens at 2238 100th Drive SE, Lake Stevens, WA, 98258 generates $4,511/mo in rent, after a $4,527/mo payment. Total monthly income is $4,511/mo. Return on cash invested sits at 15.92% in year one, and rental yield is 5.85% on a $925,000 entry. Equity gained on principal adds $5,969/yr, while 5% annual appreciation builds toward $255,560 over five years. Five-year ROI reaches 81.21% and total cumulative return in cash sums $247,141. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,511/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98258, Lake Stevens, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,564 (100%) |
| Owner Occupied HU | 15,349 (78.5%) |
| Renter Occupied HU | 3,813 (19.5%) |
| Vacant Housing Units | 402 ( 2.1%) |
| Median Home Value | $745,358 |
| Average Home Value | $840,577 |
Housing Distribution
Address Breakdown
Residential
19,099
Single Family
18,937
Multi-Family
162
Businesses
578
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Listed by: Rosalie Lebow • Windermere R.E./Snohomish Inc.
Mls Name: NWMLS
Mls ID: #2367472