1505 W Casino Road #16EverettWA98204
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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 1505 W Casino Road #16, Everett, WA, 98204 uses $111,053 cash to close to unlock $6,947/yr annual cash flow and $579/mo monthly cash flow. Total monthly income runs $2,593/mo, and a $1,640/mo payment keeps the spread at $579/mo. Purchase price stands at $335,000, and rental yield measures 9.29% with $2,593/mo rent. Return on cash invested shows 26.16% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 136.16% and total cumulative return in cash records $151,208. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,593/mo property income covering a $1,640/mo payment rather than investor’s personal income.
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: Dana Penuela • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2434013