18019 SE 250th Place #3CovingtonWA98042
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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 Covington at 18019 SE 250th Place #3, Covington, WA, 98042 offers a 5.29% rental yield on a $1,124,950 purchase with $4,957/mo rent. 15% in year one. Equity gained on principal adds $7,259/yr while 5% annual appreciation supports $310,803 over five years. Portfolio math shows five-year ROI at 71.73% and total cumulative return in cash at $261,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,957/mo property income against a $5,506/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,233 sqft lot
$N/A/sqft
$83 monthly 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: Kimberly L Martinez • Matrix Real Estate, LLC
Mls Name: NWMLS
Mls Provider:
Mls ID: #2448402
Disclaimer: Based on information submitted to the MLS GRID as of 2026-01-04 05:59:11 PST. 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)