418 W Meeker StreetKentWA98032
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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 Kent at 418 W Meeker Street, Kent, WA, 98032 with 5% annual appreciation on a $1,725,000 basis while $4,416/mo rent supports operations. 59% in year one. Equity gained on principal adds $11,131/yr, and five-year appreciation sums $476,586 alongside rental yield of 3.07%. Five-year ROI measures 36.43% and total cumulative return in cash totals $203,612. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,416/mo property income versus a $8,443/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1958
8,154 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98032, Kent, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,244 (100%) |
| Owner Occupied HU | 6,094 (37.5%) |
| Renter Occupied HU | 9,179 (56.5%) |
| Vacant Housing Units | 971 ( 6.0%) |
| Median Home Value | $578,250 |
| Average Home Value | $690,729 |
Housing Distribution
Address Breakdown
Residential
15,532
Single Family
7,163
Multi-Family
8,369
Businesses
2,598
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Listed by: Ethan Szmania • The Foundation Group LLC
Mls Name: NWMLS
Mls ID: #2418375