402 3rd Avenue S #B306EdmondsWA98020
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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
Total monthly income runs $3,334/mo, and a $4,160/mo payment. Purchase price stands at $850,000, and rental yield measures 4.71% with $3,334/mo rent. Return on cash invested shows 12.44% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 62.53% and total cumulative return in cash records $174,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,334/mo property income covering a $4,160/mo payment rather than investor’s personal income.
Condo
Built in 1998
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: Tina Chun • Windermere Real Estate GH LLC
Mls Name: NWMLS
Mls ID: #2447484