23501 112 Avenue SE #A106KentWA98031
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Kent at 23501 112 Avenue SE #A106, Kent, WA, 98031 generates $3,228/mo in rent and, after a $2,247/mo payment, leaves $468/mo in cash flow. Total monthly income is $3,228/mo, and annual cash flow is $5,621/yr on $152,159 invested. Return on cash invested sits at 23.6% in year one, and rental yield is 8.44% on a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 122.43% and total cumulative return in cash sums $186,287. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,228/mo property income rather than buyer’s personal income.
Townhouse
Built in 1991
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyong R. Yun • The Preview Group
Mls Name: NWMLS
Mls ID: #2427752