3515 S Espanola 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 3515 S Espanola Rd, Medical Lake, WA, 99022 earns from $1,260/mo rent with a $3,304/mo payment. Total monthly income totals $1,260/mo. ROI tracks 4.94% on current figures, and rental yield reads 2.24% at a $675,000 purchase. Equity gained on principal adds $4,356/yr, and 5% annual appreciation supports $186,490 over five years. Five-year ROI reaches 22.33% and total cumulative return in cash sums $49,587. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,260/mo property income instead of your personal income.
Manufactured
Built in 1994
5.48 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: Bob Travis • Windermere Manito, LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202514489
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.