18528 SE 271st PlaceCovingtonWA98042
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 18528 SE 271st Place, Covington, WA, 98042 uses $250,024 cash to close to unlock $8,777/yr annual cash flow and $731/mo monthly cash flow. Total monthly income runs $5,300/mo, and a $3,720/mo payment keeps the spread at $731/mo. Purchase price stands at $759,950, and rental yield measures 8.37% with $5,300/mo rent. Return on cash invested shows 23.57% in year one, and 5% annual appreciation builds toward $209,960 over five years. Five-year ROI reaches 122.21% and total cumulative return in cash records $305,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,300/mo property income covering a $3,720/mo payment rather than investor’s personal income.
Single Family
Built in 2026
3,288 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ray Koltermann • Windermere RE/Lake Tapps, Inc
Mls Name: NWMLS
Mls ID: #2461136