3209 Hoyt Avenue #201EverettWA98201
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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 3209 Hoyt Avenue #201, Everett, WA, 98201 uses $112,544 cash to close to unlock $4,175/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $2,389/mo, and a $1,662/mo payment keeps the spread at $348/mo. Purchase price stands at $339,500, and rental yield measures 8.44% with $2,389/mo rent. Return on cash invested shows 23.62% in year one, and 5% annual appreciation builds toward $93,798 over five years. Five-year ROI reaches 122.5% and total cumulative return in cash records $137,861. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,389/mo property income covering a $1,662/mo payment rather than investor’s personal income.
Condo
Built in 1968
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: Susan Ward • eXp Realty
Mls Name: NWMLS
Mls ID: #2467400