1721 Madison Street #FEverettWA98203
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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 1721 Madison Street #F, Everett, WA, 98203 uses $137,573 cash to close to unlock $4,747/yr annual cash flow and $396/mo monthly cash flow. Total monthly income runs $2,890/mo, and a $2,031/mo payment keeps the spread at $396/mo. Purchase price stands at $415,000, and rental yield measures 8.36% with $2,890/mo rent. Return on cash invested shows 23.36% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 121.11% and total cumulative return in cash records $166,617. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,890/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Townhouse
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98203, Everett, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,157 (100%) |
| Owner Occupied HU | 9,175 (60.5%) |
| Renter Occupied HU | 5,447 (35.9%) |
| Vacant Housing Units | 535 ( 3.5%) |
| Median Home Value | $658,482 |
| Average Home Value | $727,402 |
Housing Distribution
Address Breakdown
Residential
14,469
Single Family
11,701
Multi-Family
2,768
Businesses
627
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Listed by: Stephen O Knoblaugh • COMPASS
Mls Name: NWMLS
Mls ID: #2454152