122 Ilwaco Place SERentonWA98059
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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 122 Ilwaco Place SE, Renton, WA, 98059 priced at $1,175,000 converts $4,634/mo rent into after a $5,751/mo obligation. Total monthly income equals $4,634/mo. Return on cash invested prints 12.71% in year one, and rental yield reads 4.73% against a $1,175,000 entry. Equity gained on principal adds $7,582/yr, while 5% annual appreciation compiles into $324,631 by year five. Five-year ROI reaches 63.91% and total cumulative return in cash sums $243,322. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,634/mo property income covering a $5,751/mo payment, not borrower’s personal income.
Single Family
Built in 2010
7,274 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98059, Renton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,478 (100%) |
| Owner Occupied HU | 10,502 (72.5%) |
| Renter Occupied HU | 3,477 (24.0%) |
| Vacant Housing Units | 499 ( 3.4%) |
| Median Home Value | $912,305 |
| Average Home Value | $1,023,454 |
Housing Distribution
Address Breakdown
Residential
15,245
Single Family
12,335
Multi-Family
2,910
Businesses
293
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Listed by: Kevin Kirkaldie • Coldwell Banker Bain
Mls Name: NWMLS
Mls ID: #2438389