1320 N 38th StreetRentonWA98056
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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
Investment Highlights
Investment property for sale in Renton at 1320 N 38th Street, Renton, WA, 98056 listed at $1,599,900 pairs $5,657/mo rent with a $7,831/mo payment. Total monthly income runs $5,657/mo. Return on cash invested measures 11.2% in year one, and rental yield registers 4.24% at a $1,599,900 basis. Equity gained on principal adds $10,324/yr, and annual property appreciation at 5% supports $442,023 by year five. Five-year ROI tracks 55.81% and total cumulative return in cash totals $289,316. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,657/mo property income relative to a $7,831/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
5,906 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: Stella Davtyan • Homes & Equity Real Estate Grp
Mls Name: NWMLS
Mls ID: #2440679