2108 Summit Avenue #3EverettWA98201
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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 2108 Summit Avenue #3, Everett, WA, 98201 generates $2,249/mo in rent, after a $2,104/mo payment. Total monthly income is $2,249/mo. Return on cash invested sits at 17.09% in year one, and rental yield is 6.28% on a $429,950 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation builds toward $118,787 over five years. Five-year ROI reaches 87.48% and total cumulative return in cash sums $124,679. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,249/mo property income rather than buyer’s personal income.
Condo
Built in 1963
2,260 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: Toby L. Barnett • KW North Sound
Mls Name: NWMLS
Mls ID: #2456956