9109 2nd Place SELake 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 9109 2nd Place SE, Lake Stevens, WA, 98258 offers a 7.15% rental yield on a $519,950 purchase with $3,100/mo rent. 88% in year one. Equity gained on principal adds $3,355/yr while 5% annual appreciation supports $143,653 over five years. Portfolio math shows five-year ROI at 102.43% and total cumulative return in cash at $175,219. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,100/mo property income against a $2,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
2,186 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
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Listed by: Toby L. Barnett • KW North Sound
Mls Name: NWMLS
Mls ID: #2453375