2514 85th Drive NE #E4Lake StevensWA98258
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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
Total monthly income runs $3,118/mo, and a $3,157/mo payment. Purchase price stands at $645,000, and rental yield measures 5.8% with $3,118/mo rent. Return on cash invested shows 15.77% in year one, and 5% annual appreciation builds toward $178,202 over five years. Five-year ROI reaches 80.36% and total cumulative return in cash records $170,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,118/mo property income covering a $3,157/mo payment rather than investor’s personal income.
Condo
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98258, Lake Stevens, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,564 (100%) |
| Owner Occupied HU | 15,349 (78.5%) |
| Renter Occupied HU | 3,813 (19.5%) |
| Vacant Housing Units | 402 ( 2.1%) |
| Median Home Value | $745,358 |
| Average Home Value | $840,577 |
Housing Distribution
Address Breakdown
Residential
19,099
Single Family
18,937
Multi-Family
162
Businesses
578
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Listed by: Beverly J. Read • Windermere Northlake
Mls Name: NWMLS
Mls ID: #2470707