31207 123rd Street SESultanWA98294
Nearby investment properties with comparable rents
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 Sultan at 31207 123rd Street SE, Sultan, WA, 98294 uses $189,175 cash to close to unlock $551/yr annual cash flow and $46/mo monthly cash flow. Total monthly income runs $3,502/mo, and a $2,814/mo payment keeps the spread at $46/mo. Purchase price stands at $575,000, and rental yield measures 7.31% with $3,502/mo rent. Return on cash invested shows 20.35% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 104.94% and total cumulative return in cash records $198,527. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,502/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Single Family
Built in 2023
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98294, Sultan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,815 (100%) |
| Owner Occupied HU | 2,883 (75.6%) |
| Renter Occupied HU | 555 (14.5%) |
| Vacant Housing Units | 377 ( 9.9%) |
| Median Home Value | $609,141 |
| Average Home Value | $652,046 |
Housing Distribution
Address Breakdown
Residential
2,988
Single Family
2,963
Multi-Family
25
Businesses
209
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sven Moi • Windermere Real Estate/East
Mls Name: NWMLS
Mls ID: #2447653