3055 80th Avenue SE #201Mercer 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 3055 80th Avenue SE #201, Mercer Island, WA, 98040 earns $263/mo cash flow from $3,419/mo rent with a $2,570/mo payment. Total monthly income totals $3,419/mo, and annual cash flow totals $3,153/yr on $172,725 capital. ROI tracks 21.89% on current figures, and rental yield reads 7.81% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 113.18% and total cumulative return in cash sums $195,489. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,419/mo property income instead of your personal income.
Condo
Built in 1979
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: John A. Kritsonis • Windermere Real Estate/East
Mls Name: NWMLS
Mls ID: #2440368