2824 Grand Avenue #A104EverettWA98201
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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 2824 Grand Avenue #A104, Everett, WA, 98201 generates $2,111/mo in rent and, after a $1,449/mo payment, leaves $332/mo in cash flow. Total monthly income is $2,111/mo, and annual cash flow is $3,978/yr on $98,107 invested. Return on cash invested sits at 23.96% in year one, and rental yield is 8.56% on a $295,950 entry. Equity gained on principal adds $1,910/yr, while 5% annual appreciation builds toward $81,766 over five years. Five-year ROI reaches 124.37% and total cumulative return in cash sums $122,016. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,111/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: Rob Rondeau • Rain Town Realty + JPAR
Mls Name: NWMLS
Mls ID: #2467427