8526 E Mercer WayMercer IslandWA98040
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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 Mercer Island at 8526 E Mercer Way, Mercer Island, WA, 98040 offers a 2.99% rental yield on a $1,980,000 purchase with $4,928/mo rent. 32% in year one. Equity gained on principal adds $12,777/yr while 5% annual appreciation supports $547,037 over five years. Portfolio math shows five-year ROI at 35.02% and total cumulative return in cash at $224,632. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,928/mo property income against a $9,691/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98040, Mercer Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,336 (100%) |
| Owner Occupied HU | 6,740 (65.2%) |
| Renter Occupied HU | 3,067 (29.7%) |
| Vacant Housing Units | 529 ( 5.1%) |
| Median Home Value | $1,836,089 |
| Average Home Value | $1,747,263 |
Housing Distribution
Address Breakdown
Residential
10,286
Single Family
7,433
Multi-Family
2,853
Businesses
935
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Listed by: Jimmy M. Pliego • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2377732