2929 76th Ave SE APT 101Mercer 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
Rental property for sale in Mercer Island at 2929 76th Ave SE APT 101, Mercer Island, WA, 98040 generates $4,680/mo in rent and, after a $3,658/mo payment, leaves $188/mo in cash flow. Total monthly income is $4,680/mo, and annual cash flow is $2,250/yr on $245,862 invested. Return on cash invested sits at 20.98% in year one, and rental yield is 7.52% on a $747,300 entry. Equity gained on principal adds $4,822/yr, while 5% annual appreciation builds toward $206,465 over five years. Five-year ROI reaches 108.29% and total cumulative return in cash sums $266,254. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,680/mo property income rather than buyer’s personal income.
Apartment
Built in N/A
N/A 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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A