2604 143rd St SW #10BLynnwoodWA98037
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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 2604 143rd St SW #10B, Lynnwood, WA, 98037 generates $3,840/mo in rent and, after a $2,697/mo payment, leaves $188/mo in cash flow. Total monthly income is $3,840/mo, and annual cash flow is $2,260/yr on $181,312 invested. Return on cash invested sits at 21.31% in year one, and rental yield is 8.36% on a $551,100 entry. Equity gained on principal adds $3,556/yr, while 5% annual appreciation builds toward $152,259 over five years. Five-year ROI reaches 110.89% and total cumulative return in cash sums $201,055. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,840/mo property income rather than buyer’s personal income.
Condo
Built in 2003
3,000 sqft lot
$N/A/sqft
$331 monthly 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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