6516 128th Place SESnohomishWA98296
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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 Snohomish at 6516 128th Place SE, Snohomish, WA, 98296 offers a 5.6% rental yield on a $899,950 purchase with $4,198/mo rent. 15% in year one. Equity gained on principal adds $5,807/yr while 5% annual appreciation supports $248,640 over five years. Portfolio math shows five-year ROI at 77.05% and total cumulative return in cash at $228,140. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,198/mo property income against a $4,405/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98296, Snohomish, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,866 (100%) |
| Owner Occupied HU | 8,856 (89.8%) |
| Renter Occupied HU | 819 ( 8.3%) |
| Vacant Housing Units | 191 ( 1.9%) |
| Median Home Value | $944,227 |
| Average Home Value | $1,040,759 |
Housing Distribution
Address Breakdown
Residential
9,519
Single Family
8,992
Multi-Family
527
Businesses
209
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Listed by: Gordy Marks • RE/MAX Northwest
Mls Name: NWMLS
Mls ID: #2425626