2304 A Street SE #36AuburnWA98002
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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 Auburn at 2304 A Street SE #36, Auburn, WA, 98002 uses $48,068 cash to close to unlock $2,821/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $1,107/mo, and a $710/mo payment keeps the spread at $235/mo. Purchase price stands at $145,000, and rental yield measures 9.16% with $1,107/mo rent. Return on cash invested shows 25.78% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 134.18% and total cumulative return in cash records $64,496. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,107/mo property income covering a $710/mo payment rather than investor’s personal income.
Manufactured
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98002, Auburn, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,616 (100%) |
| Owner Occupied HU | 6,970 (44.6%) |
| Renter Occupied HU | 8,016 (51.3%) |
| Vacant Housing Units | 630 ( 4.0%) |
| Median Home Value | $454,760 |
| Average Home Value | $471,764 |
Housing Distribution
Address Breakdown
Residential
14,721
Single Family
12,515
Multi-Family
2,206
Businesses
1,205
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Listed by: Daniel Contreras-Rendon • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2463513