424 S Brooks 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
Rental property for sale in Medical Lake at 424 S Brooks Rd, Medical Lake, WA, 99022 offers $2,926/mo rent that, after a $3,132/mo payment. Total monthly income is $2,926/mo. Return on cash invested measures 14.81% in year one, and rental yield stands at 5.49% at a $639,900 entry. Equity gained on principal adds $4,129/yr while 5% annual appreciation compounds into $176,793 by year five. Five-year ROI records 75.25% and total cumulative return in cash reaches $158,423. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,926/mo property income versus a $3,132/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
3.41 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: Eric Strozyk • Coldwell Banker Tomlinson
Mls Name: SMLS
Mls ID: #202521287