637 Elm PlaceEdmondsWA98020
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 637 Elm Place, Edmonds, WA, 98020 at $999,000 posts ROI 14.55% with from $4,496/mo rent. Total monthly income equals $4,496/mo. Return on cash invested measures 14.55% and rental yield reads 5.4% at the current $999,000. Equity gained on principal adds $6,446/yr, and 5% annual appreciation supports $276,005 by year five. Five-year ROI prints 73.83% and total cumulative return in cash totals $242,654. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,496/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1986
3,049 sqft 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: Adam E. Cobb • Windermere Real Estate GH LLC
Mls Name: NWMLS
Mls ID: #2446983