2202 NE 9th PlaceRentonWA98056
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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 2202 NE 9th Place, Renton, WA, 98056 offers a 6.91% rental yield on a $624,950 purchase with $3,601/mo rent. 15% in year one. Equity gained on principal adds $4,033/yr while 5% annual appreciation supports $172,662 over five years. Portfolio math shows five-year ROI at 98.52% and total cumulative return in cash at $202,557. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,601/mo property income against a $3,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
10,698 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: Dinh L. Huynh • Dove Realty, Inc.
Mls Name: NWMLS
Mls ID: #2432545