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Archived about 1 year ago

$539,000

3 bd 2 ba 1870 sqft

1217 21st St. NE, Auburn, WA 98002

Residential SFR Occupied

Current Rent **

$2,750

Projected Rent **

$2,950

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Auburn SFH Investment Property

Excellent Auburn Investment Property: $539,000
3 bedrooms & 2 full bathrooms
1,870 sqft & 9,500sqft lot
Built 1958
Rent = $2750
SFR (one level brick home with detached 2 car garage)
Fully Fenced backyar
School Dist: Auburn
Zoning R10
Taxes for 2023 $6,597.00

Highlights for property:
- Turn key property with great tenants in place.
- Current tenants have been in property over 2 years, pay on time.
- Room to increase rent to market rate
- Home remodeled in 2020 and then again in 2021 prior to renting property
- Newer appliances (fridge and washer replaced in 2022/2023)

Zillow $574,000
Redfin $581,000

Location:

1217 21st St. NE, Auburn, WA 98002

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.