38215 N Frontage 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 38215 N Frontage Rd, Elk, WA, 99009 offers a 7.18% rental yield on a $389,999 purchase with $2,334/mo rent. 59% in year one. Equity gained on principal adds $2,517/yr while 5% annual appreciation supports $107,750 over five years. Portfolio math shows five-year ROI at 100.98% and total cumulative return in cash at $130,556. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,334/mo property income against a $1,909/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.30 Acres lot
$N/A/sqft
$290 annually 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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Listed by: Ranita Hollen • Windermere North/Deer Park
Mls Name: SMLS
Mls Provider:
Mls ID: #202515801
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