2609 S 272nd St APT 34KentWA98032
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 2609 S 272nd St APT 34, Kent, WA, 98032 offers a 10.01% rental yield on a $225,000 purchase with $1,876/mo rent. Total monthly income registers $1,876/mo, and a $1,101/mo payment leaves $524/mo available for distribution. Annual cash flow reaches $6,285/yr on $74,588 to close, and return on cash invested stands at 28.34% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 147.82% and total cumulative return in cash at $110,253. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,876/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A 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: Jon Allen • Engel & Vlkers North Tacoma
Mls Name: Engel & Volkers
Mls ID: #2458064