28600 N Mount Spokane Park Dr #614MeadWA99021
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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 Mead at 28600 N Mount Spokane Park Dr #614, Mead, WA, 99021 generates $964/mo in rent, after a $612/mo payment. Total monthly income is $964/mo. Return on cash invested sits at 13.17% in year one, and rental yield is 9.26% on a $124,950 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,521 over five years. Five-year ROI reaches 71.24% and total cumulative return in cash sums $29,509. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $964/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$445 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99021, Mead, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,826 (100%) |
| Owner Occupied HU | 3,359 (87.8%) |
| Renter Occupied HU | 340 ( 8.9%) |
| Vacant Housing Units | 127 ( 3.3%) |
| Median Home Value | $488,581 |
| Average Home Value | $563,364 |
Housing Distribution
Address Breakdown
Residential
3,526
Single Family
3,526
Multi-Family
0
Businesses
249
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Listed by: Karilynn Hardan • Windermere North
Mls Name: SMLS
Mls Provider:
Mls ID: #202514479
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.