7317 224th Street SW #A4EdmondsWA98026
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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
Rental property for sale in Edmonds at 7317 224th Street SW #A4, Edmonds, WA, 98026 generates $1,547/mo in rent and, after a $1,101/mo payment, leaves $195/mo in cash flow. Total monthly income is $1,547/mo, and annual cash flow is $2,338/yr on $74,571 invested. Return on cash invested sits at 23.04% in year one, and rental yield is 8.25% on a $224,950 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,150 over five years. Five-year ROI reaches 119.41% and total cumulative return in cash sums $89,045. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,547/mo property income rather than buyer’s personal income.
Condo
Built in 1977
N/A 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: Shannon Hill • Windermere RE Greenwood
Mls Name: NWMLS
Mls ID: #2476659