7222 150th Drive NELake StevensWA98258
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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 Lake Stevens at 7222 150th Drive NE, Lake Stevens, WA, 98258 offers a 5.2% rental yield on a $899,950 purchase with $3,898/mo rent. 93% 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 70.54% and total cumulative return in cash at $208,844. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,898/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 1992
2.35 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
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Listed by: Kristen Revenig • Daily Realty Group LLC
Mls Name: NWMLS
Mls ID: #2434848