1321 S puget Drive #E15RentonWA98055
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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 1321 S puget Drive #E15, Renton, WA, 98055 generates $2,434/mo in rent and, after a $1,542/mo payment, leaves $540/mo in cash flow. Total monthly income is $2,434/mo, and annual cash flow is $6,483/yr on $104,423 invested. Return on cash invested sits at 26.12% in year one, and rental yield is 9.27% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 135.93% and total cumulative return in cash sums $141,941. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,434/mo property income rather than buyer’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98055, Renton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,226 (100%) |
| Owner Occupied HU | 5,055 (49.4%) |
| Renter Occupied HU | 4,774 (46.7%) |
| Vacant Housing Units | 397 ( 3.9%) |
| Median Home Value | $650,240 |
| Average Home Value | $741,298 |
Housing Distribution
Address Breakdown
Residential
9,899
Single Family
7,981
Multi-Family
1,918
Businesses
284
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Listed by: Austin Whittum • Integris Real Estate
Mls Name: NWMLS
Mls ID: #2448194