22848 SE Sitka StreetBlack DiamondWA98010
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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 Black Diamond at 22848 SE Sitka Street, Black Diamond, WA, 98010 uses $207,254 cash to close to unlock $12,091/yr annual cash flow and $1,008/mo monthly cash flow. Total monthly income runs $4,794/mo, and a $3,083/mo payment keeps the spread at $1,008/mo. Purchase price stands at $629,950, and rental yield measures 9.13% with $4,794/mo rent. Return on cash invested shows 25.89% in year one, and 5% annual appreciation builds toward $174,044 over five years. Five-year ROI reaches 134.67% and total cumulative return in cash records $279,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,794/mo property income covering a $3,083/mo payment rather than investor’s personal income.
Single Family
Built in 2025
2,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98010, Black Diamond, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,295 (100%) |
| Owner Occupied HU | 2,684 (81.5%) |
| Renter Occupied HU | 440 (13.4%) |
| Vacant Housing Units | 171 ( 5.2%) |
| Median Home Value | $964,639 |
| Average Home Value | $1,018,839 |
Housing Distribution
Address Breakdown
Residential
3,368
Single Family
3,192
Multi-Family
176
Businesses
196
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Listed by: Marc Davidson • Lennar Sales Corp.
Mls Name: NWMLS
Mls ID: #2439791