23708 Locust Way #13BBothellWA98021
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 23708 Locust Way #13B, Bothell, WA, 98021 in Bothell deserves attention. This $195,000 property earns $2,771/mo in rent, a 17.05% gross yield, and nets $1,599/mo after the $877/mo payment. DSCR 3.16 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $53,875 compounds alongside $1,796/yr in yearly equity build, for a total cumulative return of $176,701.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 17.1% | 6.2% |
| Monthly Cash Flow | $1,599 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,771 |
| Total Monthly Debt Service | $1,095 |
| DSCR Ratio | 2.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1983
21.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98021, Bothell, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,231 (100%) |
| Owner Occupied HU | 10,331 (78.1%) |
| Renter Occupied HU | 2,527 (19.1%) |
| Vacant Housing Units | 373 ( 2.8%) |
| Median Home Value | $952,419 |
| Average Home Value | $1,031,680 |
Housing Distribution
Address Breakdown
Residential
12,513
Single Family
10,888
Multi-Family
1,625
Businesses
419
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1983
21.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98021, Bothell, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,231 (100%) |
| Owner Occupied HU | 10,331 (78.1%) |
| Renter Occupied HU | 2,527 (19.1%) |
| Vacant Housing Units | 373 ( 2.8%) |
| Median Home Value | $952,419 |
| Average Home Value | $1,031,680 |
Housing Distribution
Address Breakdown
Residential
12,513
Single Family
10,888
Multi-Family
1,625
Businesses
419
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aaron Nalbandian • Rain Town Realty + JPAR
Mls Name: NWMLS
Mls ID: #2435064