335 3rd Avenue S #203EdmondsWA98020
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 335 3rd Avenue S #203, Edmonds, WA, 98020 offers a 6.97% rental yield on a $459,950 purchase with $2,670/mo rent. 16% in year one. Equity gained on principal adds $2,968/yr while 5% annual appreciation supports $127,076 over five years. Portfolio math shows five-year ROI at 98.62% and total cumulative return in cash at $150,370. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,670/mo property income against a $2,251/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jean Sittauer • The Agency Seattle
Mls Name: NWMLS
Mls ID: #2440110