16823 Alder Way #E5LynnwoodWA98037
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 16823 Alder Way #E5, Lynnwood, WA, 98037 earns from $2,874/mo rent with a $3,475/mo payment. Total monthly income totals $2,874/mo. ROI tracks 12.9% on current figures, and rental yield reads 4.86% at a $709,990 purchase. Equity gained on principal adds $4,581/yr, and 5% annual appreciation supports $196,157 over five years. Five-year ROI reaches 65% and total cumulative return in cash sums $151,832. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,874/mo property income instead of your personal income.
Townhouse
Built in 2025
871.20 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ebrima Wadda • Windermere Real Estate/M2, LLC
Mls Name: NWMLS
Mls ID: #2458548