24304 223rd Place SE #148Maple ValleyWA98038
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 Maple Valley at 24304 223rd Place SE #148, Maple Valley, WA, 98038 generates $3,818/mo in rent and, after a $2,839/mo payment, leaves $331/mo in cash flow. Total monthly income is $3,818/mo, and annual cash flow is $3,977/yr on $190,804 invested. Return on cash invested sits at 22.14% in year one, and rental yield is 7.9% on a $579,950 entry. Equity gained on principal adds $3,742/yr, while 5% annual appreciation builds toward $160,229 over five years. Five-year ROI reaches 114.57% and total cumulative return in cash sums $218,609. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,818/mo property income rather than buyer’s personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98038, Maple Valley, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,872 (100%) |
| Owner Occupied HU | 10,745 (83.5%) |
| Renter Occupied HU | 1,855 (14.4%) |
| Vacant Housing Units | 272 ( 2.1%) |
| Median Home Value | $801,561 |
| Average Home Value | $929,919 |
Housing Distribution
Address Breakdown
Residential
12,958
Single Family
12,547
Multi-Family
411
Businesses
724
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Staci Ann Calicoat • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2441735