16012 SE 249 PlaceCovingtonWA98042
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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
Rental property for sale in Covington at 16012 SE 249 Place, Covington, WA, 98042 generates $4,858/mo in rent, after a $4,405/mo payment. Total monthly income is $4,858/mo. Return on cash invested sits at 17.82% in year one, and rental yield is 6.48% on a $900,000 entry. Equity gained on principal adds $5,808/yr, while 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 91.38% and total cumulative return in cash sums $270,576. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,858/mo property income rather than buyer’s personal income.
Single Family
Built in 1907
5,292 sqft lot
$N/A/sqft
No 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: Raymond D. Dove • RE/MAX Eastside Brokers, Inc.
Mls Name: NWMLS
Mls ID: #2393949