1224 6th Avenue S #C305EdmondsWA98020
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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 Edmonds at 1224 6th Avenue S #C305, Edmonds, WA, 98020 listed at $490,000 pairs $3,349/mo rent with a $2,398/mo payment. Total monthly income runs $3,349/mo. Return on cash invested measures 16.47% in year one, and rental yield registers 8.2% at a $490,000 basis. Equity gained on principal adds $3,162/yr, and annual property appreciation at 5% supports $135,378 by year five. Five-year ROI tracks 86.5% and total cumulative return in cash totals $140,508. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,349/mo property income relative to a $2,398/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
N/A lot
$N/A/sqft
$869 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98020, Edmonds, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,490 (100%) |
| Owner Occupied HU | 6,818 (71.8%) |
| Renter Occupied HU | 2,284 (24.1%) |
| Vacant Housing Units | 388 ( 4.1%) |
| Median Home Value | $1,034,926 |
| Average Home Value | $1,135,748 |
Housing Distribution
Address Breakdown
Residential
8,989
Single Family
6,802
Multi-Family
2,187
Businesses
1,083
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Listed by: Tanya Abraham • Windermere Real Estate/Summit
Mls Name: NWMLS
Mls Provider:
Mls ID: #2375004
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-27 04:30:07 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)