16624 63rd Avenue WLynnwoodWA98037
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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
Rental property for sale in Lynnwood at 16624 63rd Avenue W, Lynnwood, WA, 98037 generates $5,287/mo in rent, after a $7,342/mo payment. Total monthly income is $5,287/mo. Return on cash invested sits at 11.16% in year one, and rental yield is 4.23% on a $1,499,950 entry. Equity gained on principal adds $9,679/yr, while 5% annual appreciation builds toward $414,409 over five years. Five-year ROI reaches 55.6% and total cumulative return in cash sums $270,188. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,287/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
10,519 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98037, Lynnwood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,991 (100%) |
| Owner Occupied HU | 7,036 (54.2%) |
| Renter Occupied HU | 5,370 (41.3%) |
| Vacant Housing Units | 585 ( 4.5%) |
| Median Home Value | $755,531 |
| Average Home Value | $771,593 |
Housing Distribution
Address Breakdown
Residential
11,035
Single Family
9,050
Multi-Family
1,985
Businesses
783
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Listed by: Joseph Mustach • Windermere Real Estate/M2, LLC
Mls Name: NWMLS
Mls ID: #2464579