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© 2026 OnePercent · Estimates carry bands, never promises.the line

18608 SE 265th St, Covington, WA 98042 — $650,000 · 5bd · ~0.6% rule | OnePercent

18608 SE 265th St, Covington, WA 98042

$650,000

Overview Financials Comps Location Analysis Calculator Nearby Risk Neighborhood Market

Home·Covington 98042·18608 SE 265th St, Covington, WA 98042

Last confirmed 4 days ago

18608 SE 265th St, Covington, WA 98042

5 bd · 1,670 sqft · built 1977 · Covington · SINGLE_FAMILY·source listing ↗

$650,000

rent, three ways

OnePercent model (vv1)$4,015/mo

p10–p90 confidence band

HUD Fair Market Rent · 98042 · 5BR—

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

the locale

County

King

Flood risk indexVery High FEMA NRI

Median household income$127,552

Median area rent$2,118/mo

Median home value$658,500

the verdict

0.62%vs 1.0% target

Modeled rent: $4,015/morent estimate
Property tax: —listing
Insurance: $1,322/yrstate avg
HOA: $50/molisting

Cap rate: 4.3%
Cash flow: $945/mo
Cash-on-cash: -7.6%

financing: 20% down · — (FRED, live) · 30yr

$650,000

0.62% · rent $4,015

Intrinsic value · income approach

$833,507

22% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.

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