102 N Street NEAuburnWA98002
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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
Rental property for sale in Auburn at 102 N Street NE, Auburn, WA, 98002 priced at $579,950 converts $3,431/mo rent into after a $2,839/mo obligation. Total monthly income equals $3,431/mo. Return on cash invested prints 19.71% in year one, and rental yield reads 7.1% against a $579,950 entry. Equity gained on principal adds $3,742/yr, while 5% annual appreciation compiles into $160,229 by year five. Five-year ROI reaches 101.52% and total cumulative return in cash sums $193,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,431/mo property income covering a $2,839/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98002, Auburn, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,616 (100%) |
| Owner Occupied HU | 6,970 (44.6%) |
| Renter Occupied HU | 8,016 (51.3%) |
| Vacant Housing Units | 630 ( 4.0%) |
| Median Home Value | $454,760 |
| Average Home Value | $471,764 |
Housing Distribution
Address Breakdown
Residential
14,721
Single Family
12,515
Multi-Family
2,206
Businesses
1,205
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Listed by: Masihullah Tanin • John L. Scott, Inc
Mls Name: NWMLS
Mls ID: #2455972