2503 NE 4th Street #424RentonWA98056
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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 2503 NE 4th Street #424, Renton, WA, 98056 earns $391/mo cash flow from $2,645/mo rent with a $1,835/mo payment. Total monthly income totals $2,645/mo, and annual cash flow totals $4,695/yr on $124,313 capital. ROI tracks 23.69% on current figures, and rental yield reads 8.46% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 122.89% and total cumulative return in cash sums $152,763. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,645/mo property income instead of your personal income.
Condo
Built in 1979
N/A 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: Kurt E. Pepin • Redfin
Mls Name: NWMLS
Mls ID: #2423515