8354 22nd Street 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 8354 22nd Street NE, Lake Stevens, WA, 98258 offers a 6.01% rental yield on a $593,000 purchase with $2,970/mo rent. 86% in year one. Equity gained on principal adds $3,827/yr while 5% annual appreciation supports $163,835 over five years. Portfolio math shows five-year ROI at 81.05% and total cumulative return in cash at $158,122. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,970/mo property income against a $2,902/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2009
3,968 sqft lot
$N/A/sqft
$85 monthly 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: Debra Kwiat • HomeSmart One Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2388482
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-23 22:44:37 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)