2818 Grand Avenue #B212EverettWA98201
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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 2818 Grand Avenue #B212, Everett, WA, 98201 generates $2,576/mo in rent and, after a $1,835/mo payment, leaves $322/mo in cash flow. Total monthly income is $2,576/mo, and annual cash flow is $3,867/yr on $124,313 invested. Return on cash invested sits at 23.02% in year one, and rental yield is 8.24% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 119.3% and total cumulative return in cash sums $148,311. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,576/mo property income rather than buyer’s personal income.
Condo
Built in 2002
N/A 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: Andrea J Fjortoft • Windermere RE North, Inc.
Mls Name: NWMLS
Mls ID: #2453699