507 L Street SEAuburnWA98002
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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 $2,855/mo, and a $2,349/mo payment. Purchase price stands at $480,000, and rental yield measures 7.14% with $2,855/mo rent. Return on cash invested shows 19.68% in year one, and 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 101.38% and total cumulative return in cash records $161,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,855/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Multi Family
Built in 1968
7,662 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: Almaz Sebsebie • John L. Scott, Inc
Mls Name: NWMLS
Mls ID: #2457435