23625 112th Avenue SE #G201KentWA98031
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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 23625 112th Avenue SE #G201, Kent, WA, 98031 offers a 11.25% rental yield on a $334,950 purchase with $3,140/mo rent. Total monthly income registers $3,140/mo, and a $1,639/mo payment leaves $1,127/mo available for distribution. Annual cash flow reaches $13,524/yr on $111,036 to close, and return on cash invested stands at 32.09% in year one. Equity gained on principal adds $2,161/yr while 5% annual appreciation supports $92,541 over five years. Portfolio math shows five-year ROI at 167.91% and total cumulative return in cash at $186,437. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,140/mo property income against a $1,639/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
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
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Listed by: Melissa Samsell • Excel Real Estate Experts
Mls Name: NWMLS
Mls ID: #2428137