228 Apple LnBurbankWA99323
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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 Burbank at 228 Apple Ln, Burbank, WA, 99323 generates $1,848/mo in rent, after a $1,664/mo payment. Total monthly income is $1,848/mo. Return on cash invested sits at 17.83% in year one, and rental yield is 6.52% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 91.47% and total cumulative return in cash sums $103,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,848/mo property income rather than buyer’s personal income.
Manufactured
Built in 1975
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99323, Burbank, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,399 (100%) |
| Owner Occupied HU | 1,140 (81.5%) |
| Renter Occupied HU | 219 (15.7%) |
| Vacant Housing Units | 40 ( 2.9%) |
| Median Home Value | $397,241 |
| Average Home Value | $438,555 |
Housing Distribution
Address Breakdown
Residential
1,208
Single Family
1,208
Multi-Family
0
Businesses
67
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Listed by: Cari McGee • Cari McGee Real Estate Team/Re/Max Northwest
Mls Name: PACMLS
Mls ID: #286489