335 Heather Road #208EverettWA98203
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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 335 Heather Road #208, Everett, WA, 98203 offers a 7.87% rental yield on a $339,000 purchase with $2,224/mo rent. Total monthly income registers $2,224/mo, and a $1,659/mo payment leaves $186/mo available for distribution. Annual cash flow reaches $2,237/yr on $112,379 to close, and return on cash invested stands at 21.9% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 113.3% and total cumulative return in cash at $127,324. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,224/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
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: Bryan Phaysith • Redfin
Mls Name: NWMLS
Mls ID: #2459243