16841 Cove Walk SWVashonWA98070
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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 Vashon at 16841 Cove Walk SW, Vashon, WA, 98070 offers a 4.12% rental yield on a $949,000 purchase with $3,262/mo rent. 67% in year one. Equity gained on principal adds $6,124/yr while 5% annual appreciation supports $262,191 over five years. Portfolio math shows five-year ROI at 53.04% and total cumulative return in cash at $165,612. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,262/mo property income against a $4,645/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
4,055 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98070, Vashon, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,700 (100%) |
| Owner Occupied HU | 3,910 (68.6%) |
| Renter Occupied HU | 891 (15.6%) |
| Vacant Housing Units | 899 (15.8%) |
| Median Home Value | $989,005 |
| Average Home Value | $1,142,759 |
Housing Distribution
Address Breakdown
Residential
4,665
Single Family
4,641
Multi-Family
24
Businesses
446
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Listed by: Hilary Limont • Vashon Isl. Sotheby's Int'l RE
Mls Name: NWMLS
Mls Provider:
Mls ID: #2374438
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 04:44:37 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)