115 E Street SEAuburnWA98002
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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 115 E Street SE, Auburn, WA, 98002 priced at $595,000 converts $2,616/mo rent into after a $2,912/mo obligation. Total monthly income equals $2,616/mo. Return on cash invested prints 14.17% in year one, and rental yield reads 5.28% against a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,388 by year five. Five-year ROI reaches 71.82% and total cumulative return in cash sums $140,582. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,616/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Single Family
Built in 1920
5,998 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: Loren D. Ellingson • Redfin
Mls Name: NWMLS
Mls ID: #2408261