1515 W Casino Road #E2EverettWA98204
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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
Rental property for sale in Everett at 1515 W Casino Road #E2, Everett, WA, 98204 generates $1,599/mo in rent and, after a $1,101/mo payment, leaves $247/mo in cash flow. Total monthly income is $1,599/mo, and annual cash flow is $2,961/yr on $74,588 invested. Return on cash invested sits at 23.88% in year one, and rental yield is 8.53% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 123.91% and total cumulative return in cash sums $92,421. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,599/mo property income rather than buyer’s personal income.
Condo
Built in 1979
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: Vince M Grant • RE/MAX Elite
Mls Name: NWMLS
Mls ID: #2411221