1702 Griffin Ave Enumclaw, Washington, 98022-2823
2 bed • 1 bath • 6 guests
Est. $2,194/mo
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$457,500
Zestimate
$52,365
Annual Revenue
This property is projected to be in the top 49% revenue percentile compared to similar properties nearby.
Projected nightly rate is $243/night at 59% occupancy.Projected nightly rate is $178/night at 63% occupancy.
Top 66% of comparables
Top 11% of comparables
Seasonality
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$43,840
Avg annual revenue
63%
Avg occupancy rate
$178
Avg nightly rate
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Revenue per year
$15k
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$2,662
Profit
Revenue
$52,365
Operating Expenses
$20,487
Operating Income
$31,878
Mortgage & Taxes
$29,216
Profit (Cash Flow)
$2,662
$134,350
Cash Investment
Down Payment
$114,375
Renos & Furnishing
$6,250
Closing Costs
$13,725
Total
$134,350
DSCR Ratio
Acceptable
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
1.98%
Cap Rate
6.96%
STR Tax Calculator (USA)
Your current annual income
Your income tax rate
Taxes paid on $150,000
$45,000
If you buy this investment property, your est deduction will be...
Deductible mortgage interest
$20,356
Deductible property tax
$4,529
Your total deduction
$30,257
Your adjusted annual income
$150,000 - $30,257 = $119,743
Taxes on $119,743 (30%)
$35,923
Your old tax bill
$45,000
Your new tax bill
$35,923
Estimated tax savings
$9,077
Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com
Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
11,821 sqft
Year built:
1914
Size:
760 sqft
Type:
SFR
Parking:
-
Heating:
FLOOR/WALL FURNACE
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 3175 Garfield St | 3 | 2 | 1,670 | - | 10,800 | 2002 | $0 | - |
| 3004 Division St | 4 | 3 | 1,780 | - | 15,634 | 1928 | $787,000 | 39 |
| 1948 Mckinley St | 3 | 2 | 1,010 | - | 7,500 | 1968 | $575,000 | - |
| 2107 Griffin Ave | 2 | 1 | 1,240 | - | 7,200 | 1918 | $555,000 | 41 |
| 2004 Neilsen Ave | 2 | 1 | 920 | - | 5,000 | 1922 | $440,000 | - |
| 1964 Loraine St | 2 | 1 | 1,350 | - | 27,090 | 1938 | $403,995 | - |
| 1807 Marion St | 3 | 1 | 2,140 | - | 9,130 | 1900 | $615,000 | 18 |
| 2024 James St | 3 | 1 | 830 | - | 6,000 | 1916 | $450,000 | - |
| 1829 Washington Ave | 3 | 2 | 1,600 | - | 6,000 | 1913 | $610,000 | - |
| 1305 Marion St | 3 | 2 | 1,340 | - | 5,000 | 1924 | $570,000 | 42 |
Property Details
- MLS Status: N/A
- Property Use: Single Family Residence
- Stories: 1
- Lot size: 11,821 sqft
- Building area: 760 sqft
- Garage: No
- Heating: Floor/wall furnace
- Pool: No
- Fireplaces: 1
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: R-2
- Land Use: Residential
- Parcel Number: 242006-9041
- Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD
Tax Info
- Year Assessed: 2022
- Assessed Value: $343,000
- County Est. Land Value: $168,000
- Assessed Land Value: $168,000
- County Est. Structure Value: $175,000
Market Estimate: $535,980
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 04/20/20 | $280,000 | 101% | Emmett G V Lenihan, Sarah C Lenihan |
| 04/12/05 | $182,000 | 98% | Morgan D Mills |
| 10/06/04 | $131,000 | 0% | James Malneritch, Patricia Malneritch |
Ownership
- Name: S Lenihan V Emmett
- Owner Occupied: Yes
- Owner Mailing Address: 1702 Griffin Ave, Enumclaw, Wa 98022
- Years Owned: 50
- Home Equity: $107,972
- Mortgage Balance Remaining: $282,828
- Financed amount: -
- Owner Type: Individual
- Lien: No
- Inherited: No
- Foreclosure: No