403 L Street SE #A&BAuburnWA98002
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
Rental property for sale in Auburn at 403 L Street SE #A&B, Auburn, WA, 98002 generates $2,046/mo in rent, after a $2,937/mo payment. Total monthly income is $2,046/mo. Return on cash invested sits at 10.57% in year one, and rental yield is 4.09% on a $599,995 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,768 over five years. Five-year ROI reaches 52.49% and total cumulative return in cash sums $103,618. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,046/mo property income rather than buyer’s personal income.
Multi Family
Built in 1924
0.48 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sophia N. Cosola • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2416029