8289 Lekcin LaneConcreteWA98237
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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 Concrete at 8289 Lekcin Lane, Concrete, WA, 98237 offers a 8.43% rental yield on a $345,000 purchase with $2,423/mo rent. Total monthly income registers $2,423/mo, and a $1,689/mo payment leaves $349/mo available for distribution. Annual cash flow reaches $4,185/yr on $114,368 to close, and return on cash invested stands at 23.57% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 122.23% and total cumulative return in cash at $139,792. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,423/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98237, Concrete, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,085 (100%) |
| Owner Occupied HU | 1,615 (52.4%) |
| Renter Occupied HU | 448 (14.5%) |
| Vacant Housing Units | 1,022 (33.1%) |
| Median Home Value | $406,847 |
| Average Home Value | $442,667 |
Housing Distribution
Address Breakdown
Residential
1,589
Single Family
1,566
Multi-Family
23
Businesses
103
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Listed by: Becky Elde • Windermere RE/North Cascades
Mls Name: NWMLS
Mls ID: #2423129