2204 176th Place SW #3LynnwoodWA98037
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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 2204 176th Place SW #3, Lynnwood, WA, 98037 generates $4,357/mo in rent, after a $4,870/mo payment. Total monthly income is $4,357/mo. Return on cash invested sits at 14.11% in year one, and rental yield is 5.25% on a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 71.45% and total cumulative return in cash sums $233,898. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,357/mo property income rather than buyer’s personal income.
Townhouse
Built in 2021
2,500 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: Tianyu Chen • Keller Williams Realty Bothell
Mls Name: NWMLS
Mls ID: #2465626