7927 Vernon RoadLake 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 7927 Vernon Road, Lake Stevens, WA, 98258 uses $116,025 cash to close to unlock $9,746/yr annual cash flow and $812/mo monthly cash flow. Total monthly income runs $2,916/mo, and a $1,713/mo payment keeps the spread at $812/mo. Purchase price stands at $350,000, and rental yield measures 10% with $2,916/mo rent. Return on cash invested shows 28.31% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 147.68% and total cumulative return in cash records $171,350. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,916/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1906
7,840 sqft 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: Jesi Williams • John L. Scott Mukilteo
Mls Name: NWMLS
Mls ID: #2446848