2605 Riverwalk 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
Rental property for sale in Auburn at 2605 Riverwalk Drive SE, Auburn, WA, 98002 priced at $569,950 pairs $3,704/mo rent with $278/mo cash flow after a $2,790/mo payment. Total monthly income equals $3,704/mo, and annual cash flow comes to $3,331/yr on $187,514 invested. Return on cash invested is 21.84% in year one, and rental yield stands at 7.8% on a $569,950 basis. Equity gained on principal adds $3,678/yr, and 5% annual appreciation accumulates to $157,467 by year five. Five-year ROI measures 112.92% and total cumulative return in cash reaches $211,737. For financing, Ziffy Mortgage’s DSCR program evaluates $3,704/mo property income against a $2,790/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
7,278 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: Tom O'Connell • John L. Scott R.E. Lake Tapps
Mls Name: NWMLS
Mls ID: #2415846