306 2nd ST NEAuburnWA98002
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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
Total monthly income runs $1,826/mo, and a $4,890/mo payment. Purchase price stands at $999,000, and rental yield measures 2.19% with $1,826/mo rent. Return on cash invested shows 4.8% in year one, and 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 21.56% and total cumulative return in cash records $70,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,826/mo property income covering a $4,890/mo payment rather than investor’s personal income.
Multi Family
Built in 1922
6,608 sqft 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: Elena Pike • Torre Realty
Mls Name: NWMLS
Mls ID: #2391346