120 L 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 120 L Street SE, Auburn, WA, 98002 priced at $495,000 converts $2,270/mo rent into after a $2,423/mo obligation. Total monthly income equals $2,270/mo. Return on cash invested prints 14.75% in year one, and rental yield reads 5.5% against a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation compiles into $136,759 by year five. Five-year ROI reaches 74.95% and total cumulative return in cash sums $122,986. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,270/mo property income covering a $2,423/mo payment, not borrower’s personal income.
Manufactured
Built in 2021
6,076 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: Brittani Dill • Premier Real Estate Partners
Mls Name: NWMLS
Mls Provider:
Mls ID: #2429398
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)