8630 242nd Street SWEdmondsWA98026
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Nearby investment properties with comparable prices
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 8630 242nd Street SW, Edmonds, WA, 98026 earns $186/mo cash flow from $3,787/mo rent with a $2,932/mo payment. Total monthly income totals $3,787/mo, and annual cash flow totals $2,233/yr on $197,071 capital. ROI tracks 21.19% on current figures, and rental yield reads 7.59% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 109.49% and total cumulative return in cash sums $215,770. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,787/mo property income instead of your personal income.
Single Family
Built in 1940
0.28 Acres 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: Omar A Senghore • Coldwell Banker Danforth
Mls Name: NWMLS
Mls ID: #2417862