1500 S 18th Street #F202RentonWA98055
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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 1500 S 18th Street #F202, Renton, WA, 98055 generates $2,744/mo in rent and, after a $1,835/mo payment, leaves $490/mo in cash flow. Total monthly income is $2,744/mo, and annual cash flow is $5,883/yr on $124,313 invested. Return on cash invested sits at 24.64% in year one, and rental yield is 8.78% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 128% and total cumulative return in cash sums $159,123. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,744/mo property income rather than buyer’s personal income.
Condo
Built in 1999
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: Mark Chavez • Windermere R E Mount Baker
Mls Name: NWMLS
Mls ID: #2401805