6705 204th Street SW #B-203LynnwoodWA98036
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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 Lynnwood at 6705 204th Street SW #B-203, Lynnwood, WA, 98036 earns from $1,860/mo rent with a $2,031/mo payment. Total monthly income totals $1,860/mo. ROI tracks 14.38% on current figures, and rental yield reads 5.38% at a $415,000 purchase. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 over five years. Five-year ROI reaches 72.93% and total cumulative return in cash sums $100,329. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,860/mo property income instead of your personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98036, Lynnwood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,768 (100%) |
| Owner Occupied HU | 10,003 (56.3%) |
| Renter Occupied HU | 6,820 (38.4%) |
| Vacant Housing Units | 945 ( 5.3%) |
| Median Home Value | $804,876 |
| Average Home Value | $829,638 |
Housing Distribution
Address Breakdown
Residential
16,886
Single Family
13,936
Multi-Family
2,950
Businesses
1,649
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Listed by: Tin Nguyen • Redfin
Mls Name: NWMLS
Mls ID: #2397369