7030 Lower Ridge Rd #AEverettWA98203
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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 7030 Lower Ridge Rd #A, Everett, WA, 98203 with 5% annual appreciation on a $784,100 basis while $4,034/mo rent supports operations. 9% in year one. Equity gained on principal adds $5,060/yr, and five-year appreciation sums $216,632 alongside rental yield of 6.17%. Five-year ROI measures 86.44% and total cumulative return in cash totals $222,980. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,034/mo property income versus a $3,838/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2018
0.62 Acres 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: N/A • N/A
Mls Name: John L Scott Real Estate
Mls ID: #2372392