2740 Forest Ridge 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
Investment property for sale in Auburn at 2740 Forest Ridge Drive SE, Auburn, WA, 98002 offers a 6.44% rental yield on a $739,950 purchase with $3,974/mo rent. 72% in year one. Equity gained on principal adds $4,775/yr while 5% annual appreciation supports $204,435 over five years. Portfolio math shows five-year ROI at 90.84% and total cumulative return in cash at $221,154. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,974/mo property income against a $3,622/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.40 Acres 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: Joshua D. Hall • John L. Scott, Inc
Mls Name: NWMLS
Mls ID: #2442380