12404 E Gibson Road #Q201EverettWA98204
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
Investment Highlights
Investment property for sale in Everett at 12404 E Gibson Road #Q201, Everett, WA, 98204 earns $209/mo cash flow from $2,764/mo rent with a $2,080/mo payment. Total monthly income totals $2,764/mo, and annual cash flow totals $2,513/yr on $140,888 capital. ROI tracks 21.69% on current figures, and rental yield reads 7.8% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 112.19% and total cumulative return in cash sums $158,057. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,764/mo property income instead of your personal income.
Condo
Built in 1989
10.88 Acres 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: John F. Manning • RE/MAX Gateway
Mls Name: NWMLS
Mls ID: #2431200