5506 216 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
Rental property for sale in Mountlake Terrace at 5506 216 Street SW, Mountlake Terrace, WA, 98043 generates $2,652/mo in rent, after a $3,059/mo payment. Total monthly income is $2,652/mo. Return on cash invested sits at 13.61% in year one, and rental yield is 5.09% on a $624,950 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,662 over five years. Five-year ROI reaches 68.82% and total cumulative return in cash sums $141,501. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,652/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
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: Chris K. Soon • TEC Real Estate Inc.
Mls Name: NWMLS
Mls ID: #2443108