6202 60th Street SESnohomishWA98290
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderNot flashy, but dependably profitable, 6202 60th Street SE, Snohomish, WA, 98290 in Snohomish is listed at $709,950 and delivers $4,685/mo in rent and $417/mo in net monthly cash flow. The 7.92% yield and 1.47 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $196,146 over five years, and $6,539/yr in principal reduction supplements cash return. Total projected cumulative return: $295,565.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.2% |
| Monthly Cash Flow | $417 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,685 |
| Total Monthly Debt Service | $3,985 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98290, Snohomish, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,062 (100%) |
| Owner Occupied HU | 11,562 (76.8%) |
| Renter Occupied HU | 2,754 (18.3%) |
| Vacant Housing Units | 746 ( 5.0%) |
| Median Home Value | $872,357 |
| Average Home Value | $946,847 |
Housing Distribution
Address Breakdown
Residential
14,090
Single Family
13,483
Multi-Family
607
Businesses
670
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1961
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98290, Snohomish, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,062 (100%) |
| Owner Occupied HU | 11,562 (76.8%) |
| Renter Occupied HU | 2,754 (18.3%) |
| Vacant Housing Units | 746 ( 5.0%) |
| Median Home Value | $872,357 |
| Average Home Value | $946,847 |
Housing Distribution
Address Breakdown
Residential
14,090
Single Family
13,483
Multi-Family
607
Businesses
670
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NWMLS as distributed by MLS GRID
Mls ID: #2487126