11622 Silver Lake Road #54EverettWA98208
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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
Rental property for sale in Everett at 11622 Silver Lake Road #54, Everett, WA, 98208 generates $1,240/mo in rent and, after a $759/mo payment, leaves $308/mo in cash flow. Total monthly income is $1,240/mo, and annual cash flow is $3,695/yr on $51,383 invested. Return on cash invested sits at 27.1% in year one, and rental yield is 9.6% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 141.16% and total cumulative return in cash sums $72,532. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,240/mo property income rather than buyer’s personal income.
Manufactured
Built in 1974
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
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Listed by: Allen Johnson • RE/MAX Northwest
Mls Name: NWMLS
Mls ID: #2402458