123 Maple Street, Mercer Island, WA 98040
Your Vibe Match
Your Vibe Match
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Property Overview
Property Type
Single Family
Year Built
2015
Lot Size
0.25 acres acres
Days on Market
12
This beautiful Craftsman-style home offers the perfect blend of modern amenities and classic design. Nestled in a quiet, family-friendly neighborhood on Mercer Island, this property features an open floor plan, gourmet kitchen, and a spacious backyard perfect for entertaining. The home is within walking distance to top-rated schools, parks, and local shops.
Features & Amenities
Experience This Home
Experience Living Here
See what life could be like in this home
Morning Routine
Experience what it's like waking up in this charming home with natural light flooding through the windows.
Work From Home
See how this space transforms into a productive work environment with comfortable nooks and quiet spaces.
Neighborhood Vibes
Explore the surrounding area with local cafes, parks, and community spaces just steps away.
One-Time Purchase Costs
Monthly Holding Costs
Affordability Rule of Thumb
Most lenders prefer your total monthly housing cost to be less than 36% of gross monthly income. To comfortably afford this home, you'll likely need a household income of $100K-$120K/year.
Location
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Commute
15 min to downtown
Schools
Top-rated district
Shopping
5 min to grocery
Dining
12 restaurants nearby
Property History
Investment Summary
Purchase Price
$750,000
After Repair Value
$825,000
Cash Needed
$180,000
Total Profit
$75,000
ROI
41.7%
Annualized ROI
8.3%
Cap Rate
4.5%
Cash on Cash Return
5.2%
Rental Estimate
$2,800 - $3,200/mo
Break Even Point
5 years
Investment Strategy Recommendation
This property is best suited for a buy-and-hold strategy. With strong rental demand in the area and projected appreciation, it offers solid long-term returns. The property's location in a revitalizing neighborhood suggests good potential for equity growth.
Utilities & Services
Electricity
Provider: Local Power Company
Avg. Monthly Cost: $120-150
Water & Sewer
Provider: City Water Works
Avg. Monthly Cost: $50-70
Internet & Cable
Providers: Multiple options available
Avg. Monthly Cost: $60-100
Heating & Cooling
System: Central HVAC (2018)
Energy Efficiency Rating: Good
Waste Management
Provider: City Services
Collection: Weekly (Trash), Bi-weekly (Recycling)
Parking
2-car attached garage
Driveway parking for 2 additional vehicles
Contact Agent
Sarah Johnson
HomeVibe Realty
