723 1st Avenue SKentWA98032
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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 $2,385/mo, and a $6,260/mo payment. Purchase price stands at $1,279,000, and rental yield measures 2.24% with $2,385/mo rent. Return on cash invested shows 5.01% in year one, and 5% annual appreciation builds toward $353,364 over five years. Five-year ROI reaches 22.62% and total cumulative return in cash records $93,742. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,385/mo property income covering a $6,260/mo payment rather than investor’s personal income.
Multi Family
Built in 1979
9,317 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: Sue Dhillon • Redfin
Mls Name: NWMLS
Mls ID: #2417797