3053 Porter StreetEnumclawWA98022
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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 Enumclaw at 3053 Porter Street, Enumclaw, WA, 98022 uses $155,805 cash to close to unlock $15,782/yr annual cash flow and $1,315/mo monthly cash flow. Total monthly income runs $4,140/mo, and a $2,300/mo payment keeps the spread at $1,315/mo. Purchase price stands at $470,000, and rental yield measures 10.57% with $4,140/mo rent. Return on cash invested shows 30.04% in year one, and 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 156.95% and total cumulative return in cash records $244,533. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,140/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Single Family
Built in 1928
9,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98022, Enumclaw, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,071 (100%) |
| Owner Occupied HU | 7,085 (70.4%) |
| Renter Occupied HU | 2,178 (21.6%) |
| Vacant Housing Units | 808 ( 8.0%) |
| Median Home Value | $747,991 |
| Average Home Value | $848,454 |
Housing Distribution
Address Breakdown
Residential
9,423
Single Family
8,741
Multi-Family
682
Businesses
762
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Listed by: Tim McEwen • KW Mountains to Sound Realty
Mls Name: NWMLS
Mls ID: #2434349