11201 3rd Avenue SE #40AEverettWA98208
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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 Everett at 11201 3rd Avenue SE #40A, Everett, WA, 98208 listed at $362,500 pairs $2,704/mo rent with a $1,774/mo payment to leave $525/mo cash flow. Total monthly income runs $2,704/mo, and annual cash flow reaches $6,303/yr on $120,169 cash to close. Return on cash invested measures 25.15% in year one, and rental yield registers 8.95% at a $362,500 basis. Equity gained on principal adds $2,339/yr, and annual property appreciation at 5% supports $100,152 by year five. Five-year ROI tracks 130.77% and total cumulative return in cash totals $157,142. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,704/mo property income relative to a $1,774/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: Todd D. Duitsman • KW North Sound
Mls Name: NWMLS
Mls ID: #2434303