3215 205th Drive SESnohomishWA98290
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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 Snohomish at 3215 205th Drive SE, Snohomish, WA, 98290 offers a 7.57% rental yield on a $950,000 purchase with $5,995/mo rent. Total monthly income registers $5,995/mo, and a $4,650/mo payment leaves $284/mo available for distribution. Annual cash flow reaches $3,410/yr on $312,550 to close, and return on cash invested stands at 21.15% in year one. Equity gained on principal adds $6,130/yr while 5% annual appreciation supports $262,467 over five years. Portfolio math shows five-year ROI at 109.24% and total cumulative return in cash at $341,438. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,995/mo property income against a $4,650/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98290, Snohomish, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,062 (100%) |
| Owner Occupied HU | 11,562 (76.8%) |
| Renter Occupied HU | 2,754 (18.3%) |
| Vacant Housing Units | 746 ( 5.0%) |
| Median Home Value | $872,357 |
| Average Home Value | $946,847 |
Housing Distribution
Address Breakdown
Residential
14,090
Single Family
13,483
Multi-Family
607
Businesses
670
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Listed by: Keven O'Kinsella • Windermere Real Estate GH LLC
Mls Name: NWMLS
Mls ID: #2434990