22304 113th Place SEKentWA98031
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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 22304 113th Place SE, Kent, WA, 98031 earns $167/mo cash flow from $3,160/mo rent with a $2,437/mo payment. Total monthly income totals $3,160/mo, and annual cash flow totals $2,003/yr on $165,087 capital. ROI tracks 21.12% on current figures, and rental yield reads 7.61% at a $498,000 purchase. Equity gained on principal adds $3,214/yr, and 5% annual appreciation supports $137,588 over five years. Five-year ROI reaches 109.11% and total cumulative return in cash sums $180,124. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,160/mo property income instead of your personal income.
Single Family
Built in 1966
9,626 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98031, Kent, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,151 (100%) |
| Owner Occupied HU | 9,308 (61.4%) |
| Renter Occupied HU | 5,377 (35.5%) |
| Vacant Housing Units | 466 ( 3.1%) |
| Median Home Value | $626,625 |
| Average Home Value | $696,045 |
Housing Distribution
Address Breakdown
Residential
14,425
Single Family
11,110
Multi-Family
3,315
Businesses
391
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Listed by: Teresa Horseman • RE/MAX Realty South
Mls Name: NWMLS
Mls ID: #2429504