1312 51st Place NE #305AuburnWA98002
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Auburn rental at 1312 51st Place NE #305, Auburn, WA, 98002 sits in the solid-income band: 8.33% gross yield, $3,264/mo rent, $439/mo net after the $2,113/mo debt service, DSCR 1.54. Entry price of $469,950 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $129,839 and $4,328/yr in principal reduction bring total cumulative return to $206,135.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 5.3% |
| Monthly Cash Flow | $439 | $350 |
City averages based on Auburn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,264 |
| Total Monthly Debt Service | $2,638 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Toni McCann • John L Scott RE West Seattle
Mls Name: NWMLS
Mls ID: #2435031