26221 116th Avenue SE #F104KentWA98030
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow26221 116th Avenue SE #F104, Kent, WA, 98030 in Kent earns its strong cash-flow label: 11.73% yield, $2,413/mo rent, $929/mo net income, DSCR 2.17. The $246,900 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $68,214 by year five. Combined with $2,274/yr in principal paydown, total projected return reaches $153,244.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 5.8% |
| Monthly Cash Flow | $929 | $1,850 |
City averages based on Kent market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,413 |
| Total Monthly Debt Service | $1,386 |
| DSCR Ratio | 1.74x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
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
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mitzi C. Cameron • Camano Island Real Estate
Mls Name: NWMLS
Mls ID: #2427899