1610 16th StreetSumnerWA98390
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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 Sumner at 1610 16th Street, Sumner, WA, 98390 earns $295/mo cash flow from $3,300/mo rent with a $2,447/mo payment. Total monthly income totals $3,300/mo, and annual cash flow totals $3,536/yr on $165,750 capital. ROI tracks 22.04% on current figures, and rental yield reads 7.92% at a $500,000 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 over five years. Five-year ROI reaches 114.05% and total cumulative return in cash sums $189,032. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,300/mo property income instead of your personal income.
Single Family
Built in 1957
6,120 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98390, Sumner, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,161 (100%) |
| Owner Occupied HU | 2,807 (54.4%) |
| Renter Occupied HU | 2,152 (41.7%) |
| Vacant Housing Units | 202 ( 3.9%) |
| Median Home Value | $596,064 |
| Average Home Value | $614,723 |
Housing Distribution
Address Breakdown
Residential
4,858
Single Family
4,313
Multi-Family
545
Businesses
961
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Listed by: Michelle Guykema • Keller Williams Realty
Mls Name: NWMLS
Mls ID: #2423297