2418 N Chris LnMedical LakeWA99022
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
Investment Highlights
Rental property for sale in Medical Lake at 2418 N Chris Ln, Medical Lake, WA, 99022 priced at $665,000 pairs $3,385/mo rent with after a $3,255/mo payment. Total monthly income equals $3,385/mo. Return on cash invested is 16.7% in year one, and rental yield stands at 6.11% on a $665,000 basis. Equity gained on principal adds $4,291/yr, and 5% annual appreciation accumulates to $183,727 by year five. Five-year ROI measures 85.37% and total cumulative return in cash reaches $186,775. For financing, Ziffy Mortgage’s DSCR program evaluates $3,385/mo property income against a $3,255/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
8.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99022, Medical Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,752 (100%) |
| Owner Occupied HU | 2,726 (72.7%) |
| Renter Occupied HU | 865 (23.1%) |
| Vacant Housing Units | 161 ( 4.3%) |
| Median Home Value | $479,719 |
| Average Home Value | $519,804 |
Housing Distribution
Address Breakdown
Residential
2,660
Single Family
2,504
Multi-Family
156
Businesses
104
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lara Mchenry • Coldwell Banker Tomlinson
Mls Name: SMLS
Mls Provider:
Mls ID: #202514408
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.