7505 212th Street SW #C301EdmondsWA98026
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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 7505 212th Street SW #C301, Edmonds, WA, 98026 uses $157,131 cash to close to unlock $5,672/yr annual cash flow and $473/mo monthly cash flow. Total monthly income runs $3,322/mo, and a $2,320/mo payment keeps the spread at $473/mo. Purchase price stands at $474,000, and rental yield measures 8.41% with $3,322/mo rent. Return on cash invested shows 23.52% in year one, and 5% annual appreciation builds toward $130,957 over five years. Five-year ROI reaches 121.96% and total cumulative return in cash records $191,645. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,322/mo property income covering a $2,320/mo payment rather than investor’s personal income.
Condo
Built in 1975
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: Chris Haynes • Windermere R.E. Shoreline
Mls Name: NWMLS
Mls ID: #2467007