13209 Newcastle Way #B201NewcastleWA98059
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
Investment Highlights
Investment property for sale in Newcastle at 13209 Newcastle Way #B201, Newcastle, WA, 98059 listed at $350,000 pairs $2,358/mo rent with a $1,713/mo payment to leave $254/mo cash flow. Total monthly income runs $2,358/mo, and annual cash flow reaches $3,050/yr on $116,025 cash to close. Return on cash invested measures 22.54% in year one, and rental yield registers 8.08% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 116.74% and total cumulative return in cash totals $135,446. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,358/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1990
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nick Southard • Upgrade Realty
Mls Name: NWMLS
Mls ID: #2467328