12404 E Gibson Road #H301EverettWA98204
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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 12404 E Gibson Road #H301, Everett, WA, 98204 offers a 7.88% rental yield on a $425,000 purchase with $2,792/mo rent. Total monthly income registers $2,792/mo, and a $2,080/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,849/yr on $140,888 to close, and return on cash invested stands at 21.93% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 113.47% and total cumulative return in cash at $159,869. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,792/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A 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
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Listed by: Gordon J Snyder • RE/MAX Elite
Mls Name: NWMLS
Mls ID: #2446137