23708 Locust Way #23BothellWA98021
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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 Bothell at 23708 Locust Way #23, Bothell, WA, 98021 offers a 9.6% rental yield on a $104,000 purchase with $832/mo rent. Total monthly income registers $832/mo, and a $509/mo payment leaves $207/mo available for distribution. Annual cash flow reaches $2,482/yr on $34,476 to close, and return on cash invested stands at 27.11% in year one. Equity gained on principal adds $671/yr while 5% annual appreciation supports $28,733 over five years. Portfolio math shows five-year ROI at 141.21% and total cumulative return in cash at $48,684. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $832/mo property income against a $509/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1974
N/A 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
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Listed by: Becca Glaser • Every Door Real Estate
Mls Name: NWMLS
Mls ID: #2469933