26114 208th Avenue SECovingtonWA98042
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 Covington at 26114 208th Avenue SE, Covington, WA, 98042 listed at $1,142,995 pairs $5,300/mo rent with a $5,594/mo payment. Total monthly income runs $5,300/mo. Return on cash invested measures 15.28% in year one, and rental yield registers 5.56% at a $1,142,995 basis. Equity gained on principal adds $7,376/yr, and annual property appreciation at 5% supports $315,788 by year five. Five-year ROI tracks 77.69% and total cumulative return in cash totals $287,706. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,300/mo property income relative to a $5,594/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
4,896 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98042, Kent, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,456 (100%) |
| Owner Occupied HU | 14,086 (80.7%) |
| Renter Occupied HU | 3,037 (17.4%) |
| Vacant Housing Units | 333 ( 1.9%) |
| Median Home Value | $690,370 |
| Average Home Value | $818,331 |
Housing Distribution
Address Breakdown
Residential
17,450
Single Family
15,982
Multi-Family
1,468
Businesses
636
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Nelson • Teambuilder KW
Mls Name: NWMLS
Mls ID: #2375303