37938 Theo LaneConcreteWA98237
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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 Concrete at 37938 Theo Lane, Concrete, WA, 98237 earns from $5,921/mo rent with a $9,050/mo payment. Total monthly income totals $5,921/mo. ROI tracks 9.97% on current figures, and rental yield reads 3.84% at a $1,849,000 purchase. Equity gained on principal adds $11,931/yr, and 5% annual appreciation supports $510,845 over five years. Five-year ROI reaches 49.19% and total cumulative return in cash sums $294,683. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,921/mo property income instead of your personal income.
Single Family
Built in 2000
1.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98237, Concrete, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,085 (100%) |
| Owner Occupied HU | 1,615 (52.4%) |
| Renter Occupied HU | 448 (14.5%) |
| Vacant Housing Units | 1,022 (33.1%) |
| Median Home Value | $406,847 |
| Average Home Value | $442,667 |
Housing Distribution
Address Breakdown
Residential
1,589
Single Family
1,566
Multi-Family
23
Businesses
103
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Listed by: Veronica Guffie • John L. Scott Skagit
Mls Name: NWMLS
Mls ID: #2374447