1402 22nd Street NE #29AuburnWA98002
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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 1402 22nd Street NE #29, Auburn, WA, 98002 listed at $149,500 pairs $1,161/mo rent with a $732/mo payment to leave $262/mo cash flow. Total monthly income runs $1,161/mo, and annual cash flow reaches $3,145/yr on $49,559 cash to close. Return on cash invested measures 26.25% in year one, and rental yield registers 9.32% at a $149,500 basis. Equity gained on principal adds $965/yr, and annual property appreciation at 5% supports $41,304 by year five. Five-year ROI tracks 136.74% and total cumulative return in cash totals $67,769. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,161/mo property income relative to a $732/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1976
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: Joseph Q. Bauman • John L. Scott R.E.Tacoma North
Mls Name: NWMLS
Mls ID: #2461144