523 50th Street SEAuburnWA98092
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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
Rental property for sale in Auburn at 523 50th Street SE, Auburn, WA, 98092 generates $3,580/mo in rent and, after a $2,349/mo payment, leaves $695/mo in cash flow. Total monthly income is $3,580/mo, and annual cash flow is $8,340/yr on $159,120 invested. Return on cash invested sits at 25.15% in year one, and rental yield is 8.95% on a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 130.7% and total cumulative return in cash sums $207,965. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,580/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98092, Auburn, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,294 (100%) |
| Owner Occupied HU | 12,407 (71.7%) |
| Renter Occupied HU | 4,510 (26.1%) |
| Vacant Housing Units | 377 ( 2.2%) |
| Median Home Value | $665,311 |
| Average Home Value | $755,549 |
Housing Distribution
Address Breakdown
Residential
17,141
Single Family
14,112
Multi-Family
3,029
Businesses
156
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Listed by: David Redman • eXp Realty
Mls Name: NWMLS
Mls ID: #2418879