15430 SE 116th StreetRentonWA98059
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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
Investment property for sale in Renton at 15430 SE 116th Street, Renton, WA, 98059 uses $41,438 cash to close to unlock $2,609/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $969/mo, and a $612/mo payment keeps the spread at $217/mo. Purchase price stands at $125,000, and rental yield measures 9.3% with $969/mo rent. Return on cash invested shows 26.21% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 136.44% and total cumulative return in cash records $56,537. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $969/mo property income covering a $612/mo payment rather than investor’s personal income.
Manufactured
Built in 1974
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
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Listed by: Thomas Berry • eXp Realty
Mls Name: NWMLS
Mls ID: #2436424