1160 Monroe Avenue NE #2ARentonWA98056
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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
Rental property for sale in Renton at 1160 Monroe Avenue NE #2A, Renton, WA, 98056 generates $3,367/mo in rent and, after a $2,203/mo payment, leaves $662/mo in cash flow. Total monthly income is $3,367/mo, and annual cash flow is $7,938/yr on $149,175 invested. Return on cash invested sits at 25.23% in year one, and rental yield is 8.98% on a $449,999 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,326 over five years. Five-year ROI reaches 131.16% and total cumulative return in cash sums $195,653. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,367/mo property income rather than buyer’s personal income.
Condo
Built in 1996
N/A 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: Nicolae Leva • 206 REALTY LLC
Mls Name: NWMLS
Mls ID: #2467879