618 5th Street SEAuburnWA98002
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 618 5th Street SE, Auburn, WA, 98002 generates $2,932/mo in rent and, after a $2,300/mo payment, leaves $107/mo in cash flow. Total monthly income is $2,932/mo, and annual cash flow is $1,287/yr on $155,788 invested. Return on cash invested sits at 20.73% in year one, and rental yield is 7.49% on a $469,950 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation builds toward $129,839 over five years. Five-year ROI reaches 107.06% and total cumulative return in cash sums $166,793. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,932/mo property income rather than buyer’s personal income.
Multi Family
Built in 1947
8,023 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joshua D. Hall • John L. Scott, Inc
Mls Name: NWMLS
Mls ID: #2445617