26605 190th 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 26605 190th Avenue SE, Covington, WA, 98042 uses $155,803 cash to close to unlock $7,514/yr annual cash flow and $626/mo monthly cash flow. Total monthly income runs $3,451/mo, and a $2,300/mo payment keeps the spread at $626/mo. Purchase price stands at $469,995, and rental yield measures 8.81% with $3,451/mo rent. Return on cash invested shows 24.73% in year one, and 5% annual appreciation builds toward $129,851 over five years. Five-year ROI reaches 128.49% and total cumulative return in cash records $200,191. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,451/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Single Family
Built in 1968
6,433 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: Veronica Songco • Newberry Realty, Inc.
Mls Name: NWMLS
Mls ID: #2436181