16823 Alder Way #E6LynnwoodWA98037
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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
Total monthly income runs $2,874/mo, and a $3,328/mo payment. Purchase price stands at $679,990, and rental yield measures 5.07% with $2,874/mo rent. Return on cash invested shows 13.55% in year one, and 5% annual appreciation builds toward $187,869 over five years. Five-year ROI reaches 68.49% and total cumulative return in cash records $153,213. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,874/mo property income covering a $3,328/mo payment rather than investor’s 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
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Listed by: Ebrima Wadda • Windermere Real Estate/M2, LLC
Mls Name: NWMLS
Mls ID: #2469423