55790 NE Lakeridge LaneElectric CityWA99123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Electric City at 55790 NE Lakeridge Lane, Electric City, WA, 99123 generates $3,278/mo in rent, after a $2,932/mo payment. Total monthly income is $3,278/mo. Return on cash invested sits at 18.09% in year one, and rental yield is 6.57% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 92.86% and total cumulative return in cash sums $182,998. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,278/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
2.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99123, Electric City, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 481 (100%) |
| Owner Occupied HU | 328 (68.2%) |
| Renter Occupied HU | 93 (19.3%) |
| Vacant Housing Units | 60 (12.5%) |
| Median Home Value | $422,759 |
| Average Home Value | $410,419 |
Housing Distribution
Address Breakdown
Residential
51
Single Family
51
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hollie Tipps • eXp Realty
Mls Name: NWMLS
Mls ID: #2423377