22213 Locust WayLynnwoodWA98036
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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 22213 Locust Way, Lynnwood, WA, 98036 offers a 6.28% rental yield on a $729,900 purchase with $3,817/mo rent. 21% in year one. Equity gained on principal adds $4,710/yr while 5% annual appreciation supports $201,658 over five years. Portfolio math shows five-year ROI at 88.1% and total cumulative return in cash at $211,567. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,817/mo property income against a $3,573/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98036, Lynnwood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,768 (100%) |
| Owner Occupied HU | 10,003 (56.3%) |
| Renter Occupied HU | 6,820 (38.4%) |
| Vacant Housing Units | 945 ( 5.3%) |
| Median Home Value | $804,876 |
| Average Home Value | $829,638 |
Housing Distribution
Address Breakdown
Residential
16,886
Single Family
13,936
Multi-Family
2,950
Businesses
1,649
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Listed by: Jo Parker • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2437325