11405 SE 83RD Place #17NewcastleWA98056
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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 $5,098/mo, and a $7,219/mo payment. Purchase price stands at $1,474,995, and rental yield measures 4.15% with $5,098/mo rent. Return on cash invested shows 10.91% in year one, and 5% annual appreciation builds toward $407,514 over five years. Five-year ROI reaches 54.23% and total cumulative return in cash records $259,173. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,098/mo property income covering a $7,219/mo payment rather than investor’s personal income.
Single Family
Built in 2025
3,598 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98056, Renton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,912 (100%) |
| Owner Occupied HU | 8,529 (53.6%) |
| Renter Occupied HU | 6,624 (41.6%) |
| Vacant Housing Units | 759 ( 4.8%) |
| Median Home Value | $841,140 |
| Average Home Value | $972,810 |
Housing Distribution
Address Breakdown
Residential
14,728
Single Family
10,816
Multi-Family
3,912
Businesses
695
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Listed by: Justin Kim • D.R. Horton
Mls Name: NWMLS
Mls ID: #2462790