12404 E Gibson Road #G202EverettWA98204
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors approaching the U.S. market with capital-preservation in mind will find 12404 E Gibson Road #G202, Everett, WA, 98204 in Everett aligned with their strategy. Rental yield 7.15%. DSCR 1.32 and 7.15% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $3,131/yr in paydown build toward a projected cumulative return of $127,399.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 5.4% |
| Monthly Cash Flow | $(322) | $420 |
City averages based on Everett market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,024 |
| Total Monthly Debt Service | $1,908 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1990
2,143 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98204, Everett, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,997 (100%) |
| Owner Occupied HU | 6,718 (35.4%) |
| Renter Occupied HU | 11,476 (60.4%) |
| Vacant Housing Units | 803 ( 4.2%) |
| Median Home Value | $557,323 |
| Average Home Value | $604,106 |
Housing Distribution
Address Breakdown
Residential
18,085
Single Family
7,909
Multi-Family
10,176
Businesses
1,019
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
Condo
Built in 1990
2,143 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98204, Everett, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,997 (100%) |
| Owner Occupied HU | 6,718 (35.4%) |
| Renter Occupied HU | 11,476 (60.4%) |
| Vacant Housing Units | 803 ( 4.2%) |
| Median Home Value | $557,323 |
| Average Home Value | $604,106 |
Housing Distribution
Address Breakdown
Residential
18,085
Single Family
7,909
Multi-Family
10,176
Businesses
1,019
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hal Bennett • COMPASS
Mls Name: NWMLS
Mls ID: #2469682