815 124th Street SW #22EverettWA98204
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
Investment Highlights
Investment property for sale in Everett at 815 124th Street SW #22, Everett, WA, 98204 offers a 9.02% rental yield on a $199,900 purchase with $1,503/mo rent. Total monthly income registers $1,503/mo, and a $978/mo payment leaves $302/mo available for distribution. Annual cash flow reaches $3,621/yr on $66,267 to close, and return on cash invested stands at 25.37% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 131.92% and total cumulative return in cash at $87,421. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,503/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98204, Everett, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,997 (100%) |
| Owner Occupied HU | 6,718 (35.4%) |
| Renter Occupied HU | 11,476 (60.4%) |
| Vacant Housing Units | 803 ( 4.2%) |
| Median Home Value | $557,323 |
| Average Home Value | $604,106 |
Housing Distribution
Address Breakdown
Residential
18,085
Single Family
7,909
Multi-Family
10,176
Businesses
1,019
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marilyn Buck • Buck Real Estate
Mls Name: NWMLS
Mls ID: #2395454