2434 64th Avenue SEMercer IslandWA98040
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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 Mercer Island at 2434 64th Avenue SE, Mercer Island, WA, 98040 listed at $1,875,000 pairs $6,420/mo rent with a $9,177/mo payment. Total monthly income runs $6,420/mo. Return on cash invested measures 10.79% in year one, and rental yield registers 4.11% at a $1,875,000 basis. Equity gained on principal adds $12,099/yr, and annual property appreciation at 5% supports $518,028 by year five. Five-year ROI tracks 53.6% and total cumulative return in cash totals $325,598. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,420/mo property income relative to a $9,177/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
6,046 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98040, Mercer Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,336 (100%) |
| Owner Occupied HU | 6,740 (65.2%) |
| Renter Occupied HU | 3,067 (29.7%) |
| Vacant Housing Units | 529 ( 5.1%) |
| Median Home Value | $1,836,089 |
| Average Home Value | $1,747,263 |
Housing Distribution
Address Breakdown
Residential
10,286
Single Family
7,433
Multi-Family
2,853
Businesses
935
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Listed by: Jennifer Flood • COMPASS
Mls Name: NWMLS
Mls ID: #2403109