7209 224th Street SW #P9EdmondsWA98026
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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 Edmonds at 7209 224th Street SW #P9, Edmonds, WA, 98026 offers a 8.14% rental yield on a $319,000 purchase with $2,164/mo rent. Total monthly income registers $2,164/mo, and a $1,561/mo payment leaves $247/mo available for distribution. Annual cash flow reaches $2,961/yr on $105,749 to close, and return on cash invested stands at 22.71% in year one. Equity gained on principal adds $2,058/yr while 5% annual appreciation supports $88,134 over five years. Portfolio math shows five-year ROI at 117.62% and total cumulative return in cash at $124,381. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,164/mo property income against a $1,561/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
845.06 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98026, Edmonds, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,338 (100%) |
| Owner Occupied HU | 11,408 (69.8%) |
| Renter Occupied HU | 4,545 (27.8%) |
| Vacant Housing Units | 385 ( 2.4%) |
| Median Home Value | $868,278 |
| Average Home Value | $980,779 |
Housing Distribution
Address Breakdown
Residential
15,641
Single Family
13,308
Multi-Family
2,333
Businesses
604
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Listed by: Luke Brown • Windermere Real Estate GH LLC
Mls Name: NWMLS
Mls ID: #2469367