24104 221st Lane SE #31Maple ValleyWA98038
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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 Maple Valley at 24104 221st Lane SE #31, Maple Valley, WA, 98038 offers a 5.11% rental yield on a $499,950 purchase with $2,128/mo rent. 56% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,127 over five years. Portfolio math shows five-year ROI at 68.54% and total cumulative return in cash at $113,596. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,128/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98038, Maple Valley, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,872 (100%) |
| Owner Occupied HU | 10,745 (83.5%) |
| Renter Occupied HU | 1,855 (14.4%) |
| Vacant Housing Units | 272 ( 2.1%) |
| Median Home Value | $801,561 |
| Average Home Value | $929,919 |
Housing Distribution
Address Breakdown
Residential
12,958
Single Family
12,547
Multi-Family
411
Businesses
724
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Listed by: Melissa Samsell • Excel Real Estate Experts
Mls Name: NWMLS
Mls ID: #2447154