23319 Cedar Way #K105Mountlake 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 23319 Cedar Way #K105, Mountlake Terrace, WA, 98043 uses $140,888 cash to close to unlock $6,917/yr annual cash flow and $576/mo monthly cash flow. Total monthly income runs $3,131/mo, and a $2,080/mo payment keeps the spread at $576/mo. Purchase price stands at $425,000, and rental yield measures 8.84% with $3,131/mo rent. Return on cash invested shows 24.82% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 128.95% and total cumulative return in cash records $181,673. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,131/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Condo
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: Bruce Ainslie • Windermere RE Greenwood
Mls Name: NWMLS
Mls ID: #2423172