11622 Silver Lake Road #71EverettWA98208
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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 #71, Everett, WA, 98208 offers a 9.14% rental yield on a $109,000 purchase with $830/mo rent. Total monthly income registers $830/mo, and a $534/mo payment leaves $174/mo available for distribution. Annual cash flow reaches $2,091/yr on $36,134 to close, and return on cash invested stands at 25.7% in year one. Equity gained on principal adds $703/yr while 5% annual appreciation supports $30,115 over five years. Portfolio math shows five-year ROI at 133.73% and total cumulative return in cash at $48,322. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $830/mo property income against a $534/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1970
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: Melissa Ramm • RE/MAX Elite
Mls Name: NWMLS
Mls ID: #2452812