60 Spruce LaneRonaldWA98940
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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 Ronald at 60 Spruce Lane, Ronald, WA, 98940 offers a 6.43% rental yield on a $898,000 purchase with $4,810/mo rent. 67% in year one. Equity gained on principal adds $5,795/yr while 5% annual appreciation supports $248,101 over five years. Portfolio math shows five-year ROI at 90.59% and total cumulative return in cash at $267,644. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,810/mo property income against a $4,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98940, Ronald, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 781 (100%) |
| Owner Occupied HU | 295 (37.8%) |
| Renter Occupied HU | 44 ( 5.6%) |
| Vacant Housing Units | 442 (56.6%) |
| Median Home Value | $840,812 |
| Average Home Value | $909,237 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
16
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Listed by: Sean Nielsen • Engel & Voelkers Mercer Island
Mls Name: NWMLS
Mls ID: #2373939