8905 Meridian Place NE #201Lake 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 8905 Meridian Place NE #201, Lake Stevens, WA, 98258 earns $441/mo cash flow from $2,935/mo rent with a $2,031/mo payment. Total monthly income totals $2,935/mo, and annual cash flow totals $5,287/yr on $137,573 capital. ROI tracks 23.75% on current figures, and rental yield reads 8.49% at a $415,000 purchase. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 over five years. Five-year ROI reaches 123.22% and total cumulative return in cash sums $169,521. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,935/mo property income instead of your personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No 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: Melissa Challman • Redfin
Mls Name: NWMLS
Mls ID: #2413716