1402 Elm Street SEAuburnWA98092
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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 Elm Street SE, Auburn, WA, 98092 uses $207,270 cash to close to unlock $690/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $3,845/mo, and a $3,084/mo payment keeps the spread at $58/mo. Purchase price stands at $630,000, and rental yield measures 7.32% with $3,845/mo rent. Return on cash invested shows 20.39% in year one, and 5% annual appreciation builds toward $174,057 over five years. Five-year ROI reaches 105.18% and total cumulative return in cash records $218,002. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,845/mo property income covering a $3,084/mo payment rather than investor’s personal income.
Single Family
Built in 1969
9,347 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98092, Auburn, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,294 (100%) |
| Owner Occupied HU | 12,407 (71.7%) |
| Renter Occupied HU | 4,510 (26.1%) |
| Vacant Housing Units | 377 ( 2.2%) |
| Median Home Value | $665,311 |
| Average Home Value | $755,549 |
Housing Distribution
Address Breakdown
Residential
17,141
Single Family
14,112
Multi-Family
3,029
Businesses
156
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Listed by: Jordan Reyes • Climb Realty
Mls Name: NWMLS
Mls ID: #2458760