23121 Edmonds Wy #2EdmondsWA98020
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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 Edmonds at 23121 Edmonds Wy #2, Edmonds, WA, 98020 uses $59,670 cash to close to unlock $3,852/yr annual cash flow and $321/mo monthly cash flow. Total monthly income runs $1,403/mo, and a $881/mo payment keeps the spread at $321/mo. Purchase price stands at $180,000, and rental yield measures 9.35% with $1,403/mo rent. Return on cash invested shows 26.36% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 137.22% and total cumulative return in cash records $81,881. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,403/mo property income covering a $881/mo payment rather than investor’s personal income.
Manufactured
Built in 1967
2.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98020, Edmonds, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,490 (100%) |
| Owner Occupied HU | 6,818 (71.8%) |
| Renter Occupied HU | 2,284 (24.1%) |
| Vacant Housing Units | 388 ( 4.1%) |
| Median Home Value | $1,034,926 |
| Average Home Value | $1,135,748 |
Housing Distribution
Address Breakdown
Residential
8,989
Single Family
6,802
Multi-Family
2,187
Businesses
1,083
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Listed by: Nancy C. Sanchez • Skyline Properties, Inc.
Mls Name: NWMLS
Mls ID: #2440434