20481 Stephen Drive NEKingstonWA98346
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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 Kingston at 20481 Stephen Drive NE, Kingston, WA, 98346 uses $115,992 cash to close to unlock $6,123/yr annual cash flow and $510/mo monthly cash flow. Total monthly income runs $2,614/mo, and a $1,713/mo payment keeps the spread at $510/mo. Purchase price stands at $349,900, and rental yield measures 8.96% with $2,614/mo rent. Return on cash invested shows 25.19% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 130.94% and total cumulative return in cash records $151,878. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,614/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98346, Kingston, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,716 (100%) |
| Owner Occupied HU | 3,569 (75.7%) |
| Renter Occupied HU | 799 (16.9%) |
| Vacant Housing Units | 348 ( 7.4%) |
| Median Home Value | $697,923 |
| Average Home Value | $739,821 |
Housing Distribution
Address Breakdown
Residential
3,831
Single Family
3,830
Multi-Family
1
Businesses
329
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Listed by: Andrew Knutzen • Real Property Associates
Mls Name: NWMLS
Mls ID: #2455735