23512 55 Avenue S #16KentWA98032
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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 23512 55 Avenue S #16, Kent, WA, 98032 listed at $399,000 pairs $2,648/mo rent with a $1,953/mo payment to leave $249/mo cash flow. Total monthly income runs $2,648/mo, and annual cash flow reaches $2,993/yr on $132,269 cash to close. Return on cash invested measures 22.17% in year one, and rental yield registers 7.96% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 114.77% and total cumulative return in cash totals $151,802. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,648/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98032, Kent, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,244 (100%) |
| Owner Occupied HU | 6,094 (37.5%) |
| Renter Occupied HU | 9,179 (56.5%) |
| Vacant Housing Units | 971 ( 6.0%) |
| Median Home Value | $578,250 |
| Average Home Value | $690,729 |
Housing Distribution
Address Breakdown
Residential
15,532
Single Family
7,163
Multi-Family
8,369
Businesses
2,598
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Listed by: William Reid • Windermere West Metro
Mls Name: NWMLS
Mls ID: #2458313