2420 Forest Ridge Drive SEAuburnWA98002
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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 2420 Forest Ridge Drive SE, Auburn, WA, 98002 earns $100/mo cash flow from $3,556/mo rent with a $2,814/mo payment. Total monthly income totals $3,556/mo, and annual cash flow totals $1,199/yr on $189,175 capital. ROI tracks 20.69% on current figures, and rental yield reads 7.42% at a $575,000 purchase. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 over five years. Five-year ROI reaches 106.78% and total cumulative return in cash sums $201,995. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,556/mo property income instead of your personal income.
Single Family
Built in 1998
6,978 sqft 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: Kyle Jochen • Skyline Properties, Inc.
Mls Name: NWMLS
Mls ID: #2406458