803 E Collin AveMedical LakeWA99022
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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
Total monthly income runs $2,699/mo, and a $2,447/mo payment. Purchase price stands at $499,990, and rental yield measures 6.48% with $2,699/mo rent. Return on cash invested shows 17.69% in year one, and 5% annual appreciation builds toward $138,138 over five years. Five-year ROI reaches 90.71% and total cumulative return in cash records $150,341. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,699/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Multi Family
Built in 2006
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99022, Medical Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,752 (100%) |
| Owner Occupied HU | 2,726 (72.7%) |
| Renter Occupied HU | 865 (23.1%) |
| Vacant Housing Units | 161 ( 4.3%) |
| Median Home Value | $479,719 |
| Average Home Value | $519,804 |
Housing Distribution
Address Breakdown
Residential
2,660
Single Family
2,504
Multi-Family
156
Businesses
104
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Listed by: N/A • N/A
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Mls ID: #N/A