11622 Silver Lake Road #30EverettWA98208
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
Investment property for sale in Everett at 11622 Silver Lake Road #30, Everett, WA, 98208 offers a 9.32% rental yield on a $159,950 purchase with $1,242/mo rent. Total monthly income registers $1,242/mo, and a $783/mo payment leaves $280/mo available for distribution. Annual cash flow reaches $3,365/yr on $53,023 to close, and return on cash invested stands at 26.25% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,191 over five years. Portfolio math shows five-year ROI at 136.67% and total cumulative return in cash at $72,466. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,242/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1976
11.94 Acres 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: Susan Hope • R1 Washington
Mls Name: NWMLS
Mls ID: #2418893