16817 Larch Way #F206LynnwoodWA98037
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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 Lynnwood at 16817 Larch Way #F206, Lynnwood, WA, 98037 uses $91,163 cash to close to unlock $10,271/yr annual cash flow and $856/mo monthly cash flow. Total monthly income runs $2,509/mo, and a $1,346/mo payment keeps the spread at $856/mo. Purchase price stands at $275,000, and rental yield measures 10.95% with $2,509/mo rent. Return on cash invested shows 31.18% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 163.03% and total cumulative return in cash records $148,619. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,509/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A 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: Sam Occhiuto • eXp Realty
Mls Name: NWMLS
Mls ID: #2464397