325 E Connie Ray AveMedical 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 325 E Connie Ray Ave, Medical Lake, WA, 99022 with 5% annual appreciation on a $414,999 basis while $2,960/mo rent supports operations. Total monthly income totals $2,960/mo and a $2,031/mo payment preserves $466/mo for cash returns. Annual cash flow comes to $5,587/yr on $137,572 deployed, and return on cash invested reaches 23.97% in year one. Equity gained on principal adds $2,678/yr, and five-year appreciation sums $114,657 alongside rental yield of 8.56%. Five-year ROI measures 124.4% and total cumulative return in cash totals $171,141.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,960/mo property income versus a $2,031/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
6,098 sqft 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: Karl Kennedy • Keller Williams Spokane - Main
Mls Name: SMLS
Mls ID: #202523841