23708 Locust Way #64BothellWA98021
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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 #64, Bothell, WA, 98021 uses $106,080 cash to close to unlock $3,068/yr annual cash flow and $256/mo monthly cash flow. Total monthly income runs $2,179/mo, and a $1,566/mo payment keeps the spread at $256/mo. Purchase price stands at $320,000, and rental yield measures 8.17% with $2,179/mo rent. Return on cash invested shows 22.8% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 118.11% and total cumulative return in cash records $125,295. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,179/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Manufactured
Built in 2022
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: Ryan Nobach • Windermere RE Arlington
Mls Name: NWMLS
Mls ID: #2394686