702 5th Street #C305SnohomishWA98290
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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 Snohomish at 702 5th Street #C305, Snohomish, WA, 98290 earns $238/mo cash flow from $2,576/mo rent with a $1,904/mo payment. Total monthly income totals $2,576/mo, and annual cash flow totals $2,851/yr on $128,954 capital. ROI tracks 22.12% on current figures, and rental yield reads 7.95% at a $389,000 purchase. Equity gained on principal adds $2,510/yr, and 5% annual appreciation supports $107,474 over five years. Five-year ROI reaches 114.46% and total cumulative return in cash sums $147,606. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,576/mo property income instead of your personal income.
Condo
Built in 1981
N/A 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
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Listed by: Nicole Graafstra • Gilpin Realty, Inc.
Mls Name: NWMLS
Mls ID: #2409922