This single-family property in Everett, WA, with 1,296 sqft and 2 beds, offers a rent potential ranging between $1,845 and $2,045 per month. The payback period can be estimated by calculating the total annual rent, which falls between $22K and $24.5K. Current market conditions in the Silver Lake neighborhood indicate a stable housing market with strong median listing prices. The property features, like a heat pump and a fireplace, add value and attract tenants, although being a single-family unit might limit rental flexibility compared to multi-family properties.
To enhance rental income, consider minor renovations like kitchen and bathroom upgrades, which can command higher rents. For owners contemplating selling, it may be wise to capitalize on the current market conditions in Everett, where median listing prices remain robust. Highlight unique features like the fireplace and energy-efficient heating to attract potential buyers. Keeping the property well-maintained and updated will help maximize its market appeal.