820 Cady Road #A102EverettWA98203
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 820 Cady Road #A102, Everett, WA, 98203 in Everett is narrow, $122/mo net on $2,058/mo rent after the $1,448/mo debt service, but the property operates at break-even-plus, not a loss. At $322,000 with a 7.67% yield, the long-run equity case via 5% appreciation ($88,963 over five years) and $2,966/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.42 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $129,760.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 5.4% |
| Monthly Cash Flow | $122 | $420 |
City averages based on Everett market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,058 |
| Total Monthly Debt Service | $1,807 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1979
N/A 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 1979
N/A 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: Molly E. Alumbaugh • Windermere Real Estate/CIR
Mls Name: NWMLS
Mls ID: #2430756