38116 N Sheets RdElkWA99009
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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 Elk at 38116 N Sheets Rd, Elk, WA, 99009 earns from $2,291/mo rent with a $1,983/mo payment. Total monthly income totals $2,291/mo. ROI tracks 18.62% on current figures, and rental yield reads 6.79% at a $405,100 purchase. Equity gained on principal adds $2,614/yr, and 5% annual appreciation supports $111,922 over five years. Five-year ROI reaches 95.69% and total cumulative return in cash sums $128,505. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,291/mo property income instead of your personal income.
Single Family
Built in 2020
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99009, Elk, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,839 (100%) |
| Owner Occupied HU | 1,525 (82.9%) |
| Renter Occupied HU | 182 ( 9.9%) |
| Vacant Housing Units | 132 ( 7.2%) |
| Median Home Value | $425,207 |
| Average Home Value | $452,974 |
Housing Distribution
Address Breakdown
Residential
1,416
Single Family
1,416
Multi-Family
0
Businesses
88
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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