1312 51st Place NE #305AuburnWA98002
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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 1312 51st Place NE #305, Auburn, WA, 98002 offers a 8.33% rental yield on a $469,950 purchase with $3,264/mo rent. Total monthly income registers $3,264/mo, and a $2,300/mo payment leaves $439/mo available for distribution. Annual cash flow reaches $5,271/yr on $155,788 to close, and return on cash invested stands at 23.29% in year one. Equity gained on principal adds $3,033/yr while 5% annual appreciation supports $129,839 over five years. Portfolio math shows five-year ROI at 120.77% and total cumulative return in cash at $188,141. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,264/mo property income against a $2,300/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2008
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: Toni McCann • John L Scott RE West Seattle
Mls Name: NWMLS
Mls ID: #2435031