9003 8th Street SELake StevensWA98258
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 9003 8th Street SE, Lake Stevens, WA, 98258 offers a 3.87% rental yield on a $950,000 purchase with $3,062/mo rent. 89% in year one. Equity gained on principal adds $6,130/yr while 5% annual appreciation supports $262,467 over five years. Portfolio math shows five-year ROI at 48.86% and total cumulative return in cash at $152,702. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,062/mo property income against a $4,650/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2015
9,147 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lance Van Winkle • KW North Sound
Mls Name: NWMLS
Mls ID: #2436482