1302 Silver Lake RoadEverettWA98208
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
Rental property for sale in Everett at 1302 Silver Lake Road, Everett, WA, 98208 generates $3,544/mo in rent, after a $3,661/mo payment. Total monthly income is $3,544/mo. Return on cash invested sits at 15.42% in year one, and rental yield is 5.69% on a $748,000 entry. Equity gained on principal adds $4,827/yr, while 5% annual appreciation builds toward $206,659 over five years. Five-year ROI reaches 78.48% and total cumulative return in cash sums $193,130. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,544/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
10,454 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Desiree Ferguson • Marketplace Sotheby's Intl Rty
Mls Name: NWMLS
Mls ID: #2433524