233 3rd Avenue S #304EdmondsWA98020
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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 233 3rd Avenue S #304, Edmonds, WA, 98020 listed at $829,000 pairs $3,349/mo rent with a $4,058/mo payment. Total monthly income runs $3,349/mo. Return on cash invested measures 12.87% in year one, and rental yield registers 4.85% at a $829,000 basis. Equity gained on principal adds $5,349/yr, and annual property appreciation at 5% supports $229,037 by year five. Five-year ROI tracks 64.82% and total cumulative return in cash totals $176,800. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,349/mo property income relative to a $4,058/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1990
N/A 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: High Heermans • Windermere Real Estate Co.
Mls Name: NWMLS
Mls ID: #2447563