15701 lot14 SE 257th StreetCovingtonWA98042
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
Investment Highlights
Investment property for sale in Covington at 15701 lot14 SE 257th Street, Covington, WA, 98042 earns $438/mo cash flow from $5,300/mo rent with a $3,908/mo payment. Total monthly income totals $5,300/mo, and annual cash flow totals $5,255/yr on $262,690 capital. ROI tracks 22.06% on current figures, and rental yield reads 7.97% at a $798,450 purchase. Equity gained on principal adds $5,152/yr, and 5% annual appreciation supports $220,597 over five years. Five-year ROI reaches 114.21% and total cumulative return in cash sums $300,013. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,300/mo property income instead of your personal income.
Single Family
Built in 2025
3,824 sqft lot
$N/A/sqft
$750 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98042, Kent, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,456 (100%) |
| Owner Occupied HU | 14,086 (80.7%) |
| Renter Occupied HU | 3,037 (17.4%) |
| Vacant Housing Units | 333 ( 1.9%) |
| Median Home Value | $690,370 |
| Average Home Value | $818,331 |
Housing Distribution
Address Breakdown
Residential
17,450
Single Family
15,982
Multi-Family
1,468
Businesses
636
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Listed by: Jackie Ramirez • Realogics Sotheby's Int'l Rlty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2377435
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 04:14:42 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)