3308 81st Place SE #CMercer 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
Total monthly income runs $6,480/mo, and a $8,805/mo payment. Purchase price stands at $1,799,000, and rental yield measures 4.32% with $6,480/mo rent. Return on cash invested shows 11.45% in year one, and 5% annual appreciation builds toward $497,031 over five years. Five-year ROI reaches 57.13% and total cumulative return in cash records $333,021. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,480/mo property income covering a $8,805/mo payment rather than investor’s personal income.
Townhouse
Built in 1990
0.89 Acres 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: Paula Holtzclaw • Coldwell Banker Bain
Mls Name: NWMLS
Mls ID: #2468172