11622 Silver Lake Road #47EverettWA98208
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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 11622 Silver Lake Road #47, Everett, WA, 98208 uses $47,239 cash to close to unlock $2,566/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $1,070/mo, and a $697/mo payment keeps the spread at $214/mo. Purchase price stands at $142,500, and rental yield measures 9.01% with $1,070/mo rent. Return on cash invested shows 25.34% in year one, and 5% annual appreciation builds toward $39,370 over five years. Five-year ROI reaches 131.72% and total cumulative return in cash records $62,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,070/mo property income covering a $697/mo payment rather than investor’s personal income.
Manufactured
Built in 1975
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: Jorge Restrepo • WeLakeside
Mls Name: NWMLS
Mls ID: #2411541