ZIP CODE 98208 // SEATTLE-TACOMA-BELLEVUE, WA // DATA AS OF 2026-09-30
Everett, WA (98208) Rental Property Cap Rate & Cash Flow Report
Located in Snohomish County (Everett, WA), Zip Code 98208 ranks #463 of 500 within this selected sample (8th percentile) with a Zillow ZHVI typical home-value index of $728,590 (-2.5% YoY) and a ZORI observed market rent of $2,000/mo (+2.4% YoY). Requires at least 79.4% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$2,733/mo
Annual: -$32,802/yr
Modeled Cap Rate
1.57%
NOI: $11,408/yr
Cash-on-Cash Return
-19.57%
Cash Needed: $167,576
1% Rule Ratio
0.27%
Gross Yield: 3.29%
Break-Even Rent
$5,142/mo
State Tax: 0.80%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 98208 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (WA Avg 0.80%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$3,684/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,049/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (98208)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $635,921 | $1,698/mo | 3.20% |
| 2022 | $721,445 | $1,882/mo | 3.13% |
| 2023 | $707,461 | $1,899/mo | 3.22% |
| 2024 | $752,709 | $1,948/mo | 3.11% |
| 2025 | $747,093 | $1,953/mo | 3.14% |
| 2026 | $728,590 | $2,000/mo | 3.29% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 98012 Bothell, WA | $928,453 | $2,609/mo | 1.63% | -$3,431/mo |
| 98052 Redmond, WA | $1,255,271 | $2,563/mo | 0.83% | -$5,477/mo |
| 98682 Vancouver, WA | $491,615 | $1,698/mo | 2.31% | -$1,541/mo |
| 99301 Pasco, WA | $416,411 | $1,707/mo | 2.98% | -$1,072/mo |
| 07002 Bayonne, NJ | $588,128 | $2,338/mo | 1.57% | -$2,204/mo |
| 11238 New York, NY | $1,277,708 | $4,222/mo | 1.55% | -$4,811/mo |