2884 Plan, Shadow CreekCovingtonWA98042
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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 Covington at 2884 Plan, Shadow Creek, Covington, WA, 98042 earns from $4,900/mo rent with a $4,968/mo payment. Total monthly income totals $4,900/mo. ROI tracks 15.99% on current figures, and rental yield reads 5.79% at a $1,014,950 purchase. Equity gained on principal adds $6,549/yr, and 5% annual appreciation supports $280,412 over five years. Five-year ROI reaches 81.47% and total cumulative return in cash sums $267,917. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,900/mo property income instead of your personal income.
Single Family
Built in 2026
N/A 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
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Listed by: N/A • RM Homes
Mls Name: RM Homes
Mls Provider:
Mls ID: #N/A