24837 34th Avenue SKentWA98032
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
Investment property for sale in Kent at 24837 34th Avenue S, Kent, WA, 98032 uses $197,055 cash to close to unlock $122/yr annual cash flow and $10/mo monthly cash flow. Total monthly income runs $3,611/mo, and a $2,932/mo payment keeps the spread at $10/mo. Purchase price stands at $598,950, and rental yield measures 7.23% with $3,611/mo rent. Return on cash invested shows 20.12% in year one, and 5% annual appreciation builds toward $165,479 over five years. Five-year ROI reaches 103.73% and total cumulative return in cash records $204,414. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,611/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 1967
7,801 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Troy Rothermel • Redfin
Mls Name: NWMLS
Mls ID: #2465140