4720 Spirit Lake HwySilverlakeWA98645
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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 Silverlake at 4720 Spirit Lake Hwy, Silverlake, WA, 98645 generates $0/mo in rent, after a $2,442/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.85% in year one, and rental yield is 0% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98645, Silverlake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 861 (100%) |
| Owner Occupied HU | 696 (80.8%) |
| Renter Occupied HU | 101 (11.7%) |
| Vacant Housing Units | 64 ( 7.4%) |
| Median Home Value | $525,862 |
| Average Home Value | $568,926 |
Housing Distribution
Address Breakdown
Residential
673
Single Family
673
Multi-Family
0
Businesses
5
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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Cary Minden • CJM Realty, LLC
Mls Name: RMLS (OR)
Mls ID: #460408276