1314 N 3rd StreetRentonWA98057
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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 1314 N 3rd Street, Renton, WA, 98057 generates $2,257/mo in rent and, after a $1,713/mo payment, leaves $153/mo in cash flow. Total monthly income is $2,257/mo, and annual cash flow is $1,839/yr on $115,992 invested. Return on cash invested sits at 21.49% in year one, and rental yield is 7.74% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 111.14% and total cumulative return in cash sums $128,910. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,257/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
1,572 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98057, Renton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,641 (100%) |
| Owner Occupied HU | 1,763 (23.1%) |
| Renter Occupied HU | 5,499 (72.0%) |
| Vacant Housing Units | 379 ( 5.0%) |
| Median Home Value | $662,804 |
| Average Home Value | $754,915 |
Housing Distribution
Address Breakdown
Residential
6,481
Single Family
3,968
Multi-Family
2,513
Businesses
1,737
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Listed by: James Dainard • Heaton Dainard, LLC
Mls Name: NWMLS
Mls ID: #2439755