24717 S 35th AveKentWA98032
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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 24717 S 35th Ave, Kent, WA, 98032 generates $3,253/mo in rent and, after a $2,080/mo payment, leaves $698/mo in cash flow. Total monthly income is $3,253/mo, and annual cash flow is $8,381/yr on $140,888 invested. Return on cash invested sits at 25.86% in year one, and rental yield is 9.18% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 134.53% and total cumulative return in cash sums $189,533. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,253/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
9,600 sqft 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: Summer Wilborn • Better Properties N. Proctor
Mls Name: NWMLS
Mls ID: #2470420