23958 58th Court S #A1KentWA98032
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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
Rental property for sale in Kent at 23958 58th Court S #A1, Kent, WA, 98032 generates $2,908/mo in rent and, after a $1,955/mo payment, leaves $507/mo in cash flow. Total monthly income is $2,908/mo, and annual cash flow is $6,083/yr on $132,434 invested. Return on cash invested sits at 24.5% in year one, and rental yield is 8.73% on a $399,500 entry. Equity gained on principal adds $2,578/yr, while 5% annual appreciation builds toward $110,374 over five years. Five-year ROI reaches 127.23% and total cumulative return in cash sums $168,495. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,908/mo property income rather than buyer’s personal income.
Condo
Built in 1988
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: Troy Kerr • John L. Scott, Inc
Mls Name: NWMLS
Mls ID: #2431632