311 N Christensen RdMedical LakeWA99022
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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 Medical Lake at 311 N Christensen Rd, Medical Lake, WA, 99022 with 5% annual appreciation on a $869,000 basis while $3,451/mo rent supports operations. 62% in year one. Equity gained on principal adds $5,608/yr, and five-year appreciation sums $240,089 alongside rental yield of 4.77%. Five-year ROI measures 63.49% and total cumulative return in cash totals $181,523. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,451/mo property income versus a $4,253/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
29.93 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
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Listed by: Joy Wood • eXp Realty, LLC Branch
Mls Name: SMLS
Mls ID: #202522733