1101 37th Street SE #802AuburnWA98002
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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
Investment property for sale in Auburn at 1101 37th Street SE #802, Auburn, WA, 98002 offers a 8.26% rental yield on a $292,500 purchase with $2,014/mo rent. Total monthly income registers $2,014/mo, and a $1,432/mo payment leaves $255/mo available for distribution. Annual cash flow reaches $3,064/yr on $96,964 to close, and return on cash invested stands at 23.07% in year one. Equity gained on principal adds $1,887/yr while 5% annual appreciation supports $80,812 over five years. Portfolio math shows five-year ROI at 119.57% and total cumulative return in cash at $115,941. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,014/mo property income against a $1,432/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
N/A 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: Rebecca Bomann • SASH Realty
Mls Name: NWMLS
Mls ID: #2458025