11201 3rd Avenue SE #40AEverettWA98208
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 11201 3rd Avenue SE #40A, Everett, WA, 98208 in Everett. At $362,500 it earns $2,704/mo in rent and distributes $525/mo to the owner after the $1,630/mo payment, a consistent 8.95% yield. DSCR 1.66 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $100,152 in value; $3,339/yr in principal paydown compounds ownership stake. Total projected return: $171,008.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 5.4% |
| Monthly Cash Flow | $525 | $420 |
City averages based on Everett market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,704 |
| Total Monthly Debt Service | $2,035 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98208, Everett, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,993 (100%) |
| Owner Occupied HU | 15,030 (65.4%) |
| Renter Occupied HU | 7,352 (32.0%) |
| Vacant Housing Units | 611 ( 2.7%) |
| Median Home Value | $720,236 |
| Average Home Value | $774,386 |
Housing Distribution
Address Breakdown
Residential
22,196
Single Family
17,685
Multi-Family
4,511
Businesses
854
Nearby investment properties with comparable rents
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
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98208, Everett, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,993 (100%) |
| Owner Occupied HU | 15,030 (65.4%) |
| Renter Occupied HU | 7,352 (32.0%) |
| Vacant Housing Units | 611 ( 2.7%) |
| Median Home Value | $720,236 |
| Average Home Value | $774,386 |
Housing Distribution
Address Breakdown
Residential
22,196
Single Family
17,685
Multi-Family
4,511
Businesses
854
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Todd D. Duitsman • KW North Sound
Mls Name: NWMLS
Mls ID: #2434303