4902 241st Street SWMountlake TerraceWA98043
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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 Mountlake Terrace at 4902 241st Street SW, Mountlake Terrace, WA, 98043 listed at $1,249,000 pairs $4,014/mo rent with a $6,113/mo payment. Total monthly income runs $4,014/mo. Return on cash invested measures 10.01% in year one, and rental yield registers 3.86% at a $1,249,000 basis. Equity gained on principal adds $8,060/yr, and annual property appreciation at 5% supports $345,076 by year five. Five-year ROI tracks 49.42% and total cumulative return in cash totals $200,003. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,014/mo property income relative to a $6,113/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98043, Mountlake Terrace, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,432 (100%) |
| Owner Occupied HU | 5,573 (53.4%) |
| Renter Occupied HU | 4,342 (41.6%) |
| Vacant Housing Units | 517 ( 5.0%) |
| Median Home Value | $723,497 |
| Average Home Value | $765,585 |
Housing Distribution
Address Breakdown
Residential
9,582
Single Family
7,490
Multi-Family
2,092
Businesses
569
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Listed by: Hailu Liu • RE/MAX Town Center
Mls Name: NWMLS
Mls ID: #2459590