21545 SE 298th PlaceKentWA98042
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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 Kent at 21545 SE 298th Place, Kent, WA, 98042 offers a 8.48% rental yield on a $655,000 purchase with $4,630/mo rent. Total monthly income registers $4,630/mo, and a $3,206/mo payment leaves $693/mo available for distribution. Annual cash flow reaches $8,311/yr on $215,495 to close, and return on cash invested stands at 23.92% in year one. Equity gained on principal adds $4,227/yr while 5% annual appreciation supports $180,964 over five years. Portfolio math shows five-year ROI at 124.07% and total cumulative return in cash at $267,359. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,630/mo property income against a $3,206/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
5,235 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: Kirk Russell • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2438378