13040 SE 204th PlaceKentWA98031
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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 Kent at 13040 SE 204th Place, Kent, WA, 98031 uses $153,319 cash to close to unlock $4,290/yr annual cash flow and $358/mo monthly cash flow. Total monthly income runs $3,138/mo, and a $2,264/mo payment keeps the spread at $358/mo. Purchase price stands at $462,500, and rental yield measures 8.14% with $3,138/mo rent. Return on cash invested shows 22.71% in year one, and 5% annual appreciation builds toward $127,780 over five years. Five-year ROI reaches 117.63% and total cumulative return in cash records $180,342. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,138/mo property income covering a $2,264/mo payment rather than investor’s personal income.
Single Family
Built in 1969
7,209 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98031, Kent, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,151 (100%) |
| Owner Occupied HU | 9,308 (61.4%) |
| Renter Occupied HU | 5,377 (35.5%) |
| Vacant Housing Units | 466 ( 3.1%) |
| Median Home Value | $626,625 |
| Average Home Value | $696,045 |
Housing Distribution
Address Breakdown
Residential
14,425
Single Family
11,110
Multi-Family
3,315
Businesses
391
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Listed by: K. Jason Krafsky • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2423742