8801 24th Place 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
Rental property for sale in Lake Stevens at 8801 24th Place NE, Lake Stevens, WA, 98258 generates $3,325/mo in rent, after a $3,465/mo payment. Total monthly income is $3,325/mo. Return on cash invested sits at 14.83% in year one, and rental yield is 5.64% on a $708,000 entry. Equity gained on principal adds $4,569/yr, while 5% annual appreciation builds toward $195,607 over five years. Five-year ROI reaches 75.49% and total cumulative return in cash sums $175,843. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,325/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
4,787 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: Jennifer Getty • KW North Sound
Mls Name: NWMLS
Mls Provider:
Mls ID: #2396346
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-04 02:49:20 PST. 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)