310 224th Street SEBothellWA98021
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 Bothell at 310 224th Street SE, Bothell, WA, 98021 offers a 5.75% rental yield on a $990,000 purchase with $4,746/mo rent. 62% in year one. Equity gained on principal adds $6,388/yr while 5% annual appreciation supports $273,519 over five years. Portfolio math shows five-year ROI at 79.57% and total cumulative return in cash at $259,160. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,746/mo property income against a $4,846/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98021, Bothell, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,231 (100%) |
| Owner Occupied HU | 10,331 (78.1%) |
| Renter Occupied HU | 2,527 (19.1%) |
| Vacant Housing Units | 373 ( 2.8%) |
| Median Home Value | $952,419 |
| Average Home Value | $1,031,680 |
Housing Distribution
Address Breakdown
Residential
12,513
Single Family
10,888
Multi-Family
1,625
Businesses
419
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Listed by: Wendy Kondo • Windermere Real Estate/M2, LLC
Mls Name: NWMLS
Mls ID: #2391992