816 Cherry AvenueSumnerWA98390
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 Sumner at 816 Cherry Avenue, Sumner, WA, 98390 priced at $469,500 pairs $2,580/mo rent with after a $2,298/mo payment. Total monthly income equals $2,580/mo. Return on cash invested is 18.04% in year one, and rental yield stands at 6.59% on a $469,500 basis. Equity gained on principal adds $3,030/yr, and 5% annual appreciation accumulates to $129,714 by year five. Five-year ROI measures 92.59% and total cumulative return in cash reaches $144,104. For financing, Ziffy Mortgage’s DSCR program evaluates $2,580/mo property income against a $2,298/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2006
1,472 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98390, Sumner, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,161 (100%) |
| Owner Occupied HU | 2,807 (54.4%) |
| Renter Occupied HU | 2,152 (41.7%) |
| Vacant Housing Units | 202 ( 3.9%) |
| Median Home Value | $596,064 |
| Average Home Value | $614,723 |
Housing Distribution
Address Breakdown
Residential
4,858
Single Family
4,313
Multi-Family
545
Businesses
961
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Kollar • Keller Williams Rty Tacoma
Mls Name: NWMLS
Mls ID: #2396614