1122 SW 59th PlaceEverettWA98203
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
Investment Highlights
Rental property for sale in Everett at 1122 SW 59th Place, Everett, WA, 98203 generates $3,740/mo in rent, after a $3,500/mo payment. Total monthly income is $3,740/mo. Return on cash invested sits at 17.21% in year one, and rental yield is 6.28% on a $714,999 entry. Equity gained on principal adds $4,614/yr, while 5% annual appreciation builds toward $197,541 over five years. Five-year ROI reaches 88.11% and total cumulative return in cash sums $207,273. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,740/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98203, Everett, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,157 (100%) |
| Owner Occupied HU | 9,175 (60.5%) |
| Renter Occupied HU | 5,447 (35.9%) |
| Vacant Housing Units | 535 ( 3.5%) |
| Median Home Value | $658,482 |
| Average Home Value | $727,402 |
Housing Distribution
Address Breakdown
Residential
14,469
Single Family
11,701
Multi-Family
2,768
Businesses
627
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly Whitehead • RE/MAX Gateway
Mls Name: NWMLS
Mls ID: #2430088