2951X W Hallett RdMedical 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
Investment property for sale in Medical Lake at 2951X W Hallett Rd, Medical Lake, WA, 99022 listed at $980,000 pairs $2,394/mo rent with a $4,797/mo payment. Total monthly income runs $2,394/mo. Return on cash invested measures 7.04% in year one, and rental yield registers 2.93% at a $980,000 basis. Equity gained on principal adds $6,324/yr, and annual property appreciation at 5% supports $270,756 by year five. Five-year ROI tracks 33.58% and total cumulative return in cash totals $108,276. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,394/mo property income relative to a $4,797/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
73.76 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: Angela Striker • Touchstone Real Estate Group
Mls Name: SMLS
Mls Provider:
Mls ID: #202519599
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.