6423 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
Investment property for sale in Mercer Island at 6423 E Mercer Way, Mercer Island, WA, 98040 projects strong ROI of 10.8%. Rental yield 4.11%. With 5% annual appreciation, the property builds $704,380 in value over five years. Equity growth combined delivers a projected five-year ROI of 53.67%, translating into $443,356 in total cumulative return on $826,038 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1968
0.82 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: David R Knight • KW Mountains to Sound Realty
Mls Name: NWMLS
Mls ID: #2384347