7408 Olympic DriveEverettWA98203
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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 7408 Olympic Drive, Everett, WA, 98203 listed at $400,000 pairs $2,749/mo rent with a $1,958/mo payment to leave $344/mo cash flow. Total monthly income runs $2,749/mo, and annual cash flow reaches $4,132/yr on $132,600 cash to close. Return on cash invested measures 23.03% in year one, and rental yield registers 8.25% at a $400,000 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,513 by year five. Five-year ROI tracks 119.34% and total cumulative return in cash totals $158,248. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,749/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1944
0.26 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: Michelle Foggin • RE/MAX Gateway
Mls Name: NWMLS
Mls ID: #2475574