31108 3rd Avenue #402Black DiamondWA98010
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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 Black Diamond at 31108 3rd Avenue #402, Black Diamond, WA, 98010 offers a 9.03% rental yield on a $165,000 purchase with $1,242/mo rent. Total monthly income registers $1,242/mo, and a $808/mo payment leaves $250/mo available for distribution. Annual cash flow reaches $2,997/yr on $54,698 to close, and return on cash invested stands at 25.39% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 131.98% and total cumulative return in cash at $72,191. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,242/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98010, Black Diamond, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,295 (100%) |
| Owner Occupied HU | 2,684 (81.5%) |
| Renter Occupied HU | 440 (13.4%) |
| Vacant Housing Units | 171 ( 5.2%) |
| Median Home Value | $964,639 |
| Average Home Value | $1,018,839 |
Housing Distribution
Address Breakdown
Residential
3,368
Single Family
3,192
Multi-Family
176
Businesses
196
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Listed by: Lance Otto • KW North Sound
Mls Name: NWMLS
Mls ID: #2429401