1512 Rainier AvenueEverettWA98201
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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 1512 Rainier Avenue, Everett, WA, 98201 uses $203,980 cash to close to unlock $1,352/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $3,840/mo, and a $3,035/mo payment keeps the spread at $113/mo. Purchase price stands at $620,000, and rental yield measures 7.43% with $3,840/mo rent. Return on cash invested shows 20.72% in year one, and 5% annual appreciation builds toward $171,295 over five years. Five-year ROI reaches 106.94% and total cumulative return in cash records $218,127. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,840/mo property income covering a $3,035/mo payment rather than investor’s personal income.
Single Family
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98201, Everett, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,220 (100%) |
| Owner Occupied HU | 6,032 (37.2%) |
| Renter Occupied HU | 9,043 (55.8%) |
| Vacant Housing Units | 1,145 ( 7.1%) |
| Median Home Value | $630,307 |
| Average Home Value | $699,090 |
Housing Distribution
Address Breakdown
Residential
14,268
Single Family
10,340
Multi-Family
3,928
Businesses
1,659
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Listed by: Janean Desmarais • North Pacific Properties
Mls Name: NWMLS
Mls ID: #2440322