5021 E Mercer WayMercer IslandWA98040
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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
Total monthly income runs $8,548/mo, and a $9,765/mo payment. Purchase price stands at $1,995,000, and rental yield measures 5.14% with $8,548/mo rent. Return on cash invested shows 13.97% in year one, and 5% annual appreciation builds toward $551,182 over five years. Five-year ROI reaches 70.68% and total cumulative return in cash records $456,885. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,548/mo property income covering a $9,765/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98040, Mercer Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,336 (100%) |
| Owner Occupied HU | 6,740 (65.2%) |
| Renter Occupied HU | 3,067 (29.7%) |
| Vacant Housing Units | 529 ( 5.1%) |
| Median Home Value | $1,836,089 |
| Average Home Value | $1,747,263 |
Housing Distribution
Address Breakdown
Residential
10,286
Single Family
7,433
Multi-Family
2,853
Businesses
935
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Listed by: Trisha D Coy • Windermere Mercer Island
Mls Name: NWMLS
Mls ID: #2429786