8515 Main Street #103EdmondsWA98026
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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 8515 Main Street #103, Edmonds, WA, 98026 generates $3,133/mo in rent, after a $3,255/mo payment. Total monthly income is $3,133/mo. Return on cash invested sits at 15.32% in year one, and rental yield is 5.65% on a $665,000 entry. Equity gained on principal adds $4,291/yr, while 5% annual appreciation builds toward $183,727 over five years. Five-year ROI reaches 77.96% and total cumulative return in cash sums $170,575. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,133/mo property income rather than buyer’s personal income.
Townhouse
Built in 1973
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: John Olcese • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2468057