704 87th Avenue NE #2Lake StevensWA98258
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
Investment property for sale in Lake Stevens at 704 87th Avenue NE #2, Lake Stevens, WA, 98258 offers a 8.45% rental yield on a $230,000 purchase with $1,620/mo rent. Total monthly income registers $1,620/mo, and a $1,126/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,846/yr on $76,245 to close, and return on cash invested stands at 23.64% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 122.68% and total cumulative return in cash at $93,535. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,620/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1994
13.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98258, Lake Stevens, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,564 (100%) |
| Owner Occupied HU | 15,349 (78.5%) |
| Renter Occupied HU | 3,813 (19.5%) |
| Vacant Housing Units | 402 ( 2.1%) |
| Median Home Value | $745,358 |
| Average Home Value | $840,577 |
Housing Distribution
Address Breakdown
Residential
19,099
Single Family
18,937
Multi-Family
162
Businesses
578
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeremiah Anderson • John L. Scott Everett
Mls Name: NWMLS
Mls ID: #2453411