24 Empire DriveSilverlakeWA98645
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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 Silverlake at 24 Empire Drive, Silverlake, WA, 98645 priced at $824,650 pairs $4,200/mo rent with after a $4,036/mo payment. Total monthly income equals $4,200/mo. Return on cash invested is 16.57% in year one, and rental yield stands at 6.11% on a $824,650 basis. Equity gained on principal adds $5,321/yr, and 5% annual appreciation accumulates to $227,836 by year five. Five-year ROI measures 84.74% and total cumulative return in cash reaches $229,903. For financing, Ziffy Mortgage’s DSCR program evaluates $4,200/mo property income against a $4,036/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
0.59 Acres lot
$N/A/sqft
$382 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98645, Silverlake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 861 (100%) |
| Owner Occupied HU | 696 (80.8%) |
| Renter Occupied HU | 101 (11.7%) |
| Vacant Housing Units | 64 ( 7.4%) |
| Median Home Value | $525,862 |
| Average Home Value | $568,926 |
Housing Distribution
Address Breakdown
Residential
673
Single Family
673
Multi-Family
0
Businesses
5
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Listed by: Terry B. Eccles-Pettet • Imagine Homes Realty, LLC
Mls Name: NWMLS
Mls Provider:
Mls ID: #2382127
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)