1160 Monroe Avenue NE #C2RentonWA98056
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1160 Monroe Avenue NE #C2, Renton, WA, 98056 in Renton hard to pass up. The 23.31% gross yield on a $185,000 purchase results in $3,594/mo in rent and $2,231/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (4.32). Annual cash flow of $26,771, five-year appreciation of $51,112, and $1,704/yr in equity build-up combine for a projected total cumulative return of $214,685.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 23.3% | 6.2% |
| Monthly Cash Flow | $2,231 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,594 |
| Total Monthly Debt Service | $1,289 |
| DSCR Ratio | 2.79x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1996
N/A lot
$N/A/sqft
$251 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1996
N/A lot
$N/A/sqft
$251 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Xiaoyuan He • AgencyOne
Mls Name: NWMLS
Mls Provider:
Mls ID: #2414378
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-29 21:09:25 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)