6315 W Beech StreetEverettWA98203
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 6315 W Beech Street, Everett, WA, 98203 in Everett fits: $455,000, 5.97% gross yield, and a projected 5% annual appreciation rate adding $125,708 in value within five years. Rental yield 5.97%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (1.11) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $4,191/yr in principal paydown and $125,708 in appreciation project a total return of $141,790.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 5.4% |
| Monthly Cash Flow | $(472) | $420 |
City averages based on Everett market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,263 |
| Total Monthly Debt Service | $2,554 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 1950
4,068 sqft 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
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
Condo
Built in 1950
4,068 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Todd D. Duitsman • KW North Sound
Mls Name: NWMLS
Mls ID: #2421161