8804 12th St 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 8804 12th St NE, Lake Stevens, WA, 98258 offers a 8.63% rental yield on a $416,600 purchase with $2,995/mo rent. Total monthly income registers $2,995/mo, and a $2,039/mo payment leaves $491/mo available for distribution. Annual cash flow reaches $5,890/yr on $138,103 to close, and return on cash invested stands at 24.17% in year one. Equity gained on principal adds $2,688/yr while 5% annual appreciation supports $115,099 over five years. Portfolio math shows five-year ROI at 125.48% and total cumulative return in cash at $173,288. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,995/mo property income against a $2,039/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1968
2,178 sqft lot
$N/A/sqft
Has HOA fee 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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Nearby investment properties with comparable prices
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