731 Melody LaneEdmondsWA98020
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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 731 Melody Lane, Edmonds, WA, 98020 with 5% annual appreciation on a $1,638,500 basis while $4,358/mo rent supports operations. 96% in year one. Equity gained on principal adds $10,573/yr, and five-year appreciation sums $452,687 alongside rental yield of 3.19%. Five-year ROI measures 38.41% and total cumulative return in cash totals $203,923. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,358/mo property income versus a $8,020/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1959
0.41 Acres 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: Lynn Kern • Windermere Real Estate GH LLC
Mls Name: NWMLS
Mls ID: #2397391