3631 148th St SEMill CreekWA98012
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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
Rental property for sale in Mill Creek at 3631 148th St SE, Mill Creek, WA, 98012 generates $4,353/mo in rent, after a $7,309/mo payment. Total monthly income is $4,353/mo. Return on cash invested sits at 8.9% in year one, and rental yield is 3.5% on a $1,493,400 entry. Equity gained on principal adds $9,637/yr, while 5% annual appreciation builds toward $412,599 over five years. Five-year ROI reaches 43.49% and total cumulative return in cash sums $210,411. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,353/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98012, Bothell, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,137 (100%) |
| Owner Occupied HU | 19,278 (64.0%) |
| Renter Occupied HU | 10,006 (33.2%) |
| Vacant Housing Units | 853 ( 2.8%) |
| Median Home Value | $864,950 |
| Average Home Value | $912,604 |
Housing Distribution
Address Breakdown
Residential
27,982
Single Family
21,878
Multi-Family
6,104
Businesses
673
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Listed by: N/A • N/A
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Mls ID: #N/A