5810 E Mason Lake Drive W, Grapeview, WA, 98546 | 3.89% Rental Yield

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5810 E Mason Lake Drive W, Grapeview, WA, 98546 | 3.89% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Grapeview at 5810 E Mason Lake Drive W, Grapeview, WA, 98546 earns from $2,106/mo rent with a $3,181/mo payment. Total monthly income totals $2,106/mo. ROI tracks 9.96% on current figures, and rental yield reads 3.89% at a $650,000 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 over five years. Five-year ROI reaches 49.21% and total cumulative return in cash sums $105,242. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,106/mo property income instead of your personal income.

Single Family

Built in 1969

0.54 Acres lot

$N/A/sqft

No HOA

More details about the property

DEAL ALERT!!! Nestled at the end of a long private drive, this move-in ready, no-bank waterfront home on sought-after Mason Lake offers peaceful lakefront living with stunning views of a nature-filled lagoon. Enjoy 60 of frontage, two brand-new docks, new carpet and paint, a hot tub, and a tranquil setting in one of the lakes calmest areas. Paddleboard, kayak, or explore nearly 1,000 acres of crystal-clear waterperfect for boating, fishing, and watersports. The expansive 355' x 60' lot offers space to add a garage or shop. Rare opportunity to own a lakeside retreat at this price on beautiful Mason Lake! 4.75% interest rate available by assuming the existing assumable $351K loan and it's already 3+ years into the amortization cycle!!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 98546, Grapeview, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,181 (100%)
Owner Occupied HU	1,179 (54.1%)
Renter Occupied HU	173 ( 7.9%)
Vacant Housing Units	829 (38.0%)
Median Home Value	$539,414
Average Home Value	$628,170