2918 SE 3rd StreetRentonWA98056
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2918 SE 3rd Street, Renton, WA, 98056 generates $4,260/mo in rent, after a $3,866/mo payment. Total monthly income is $4,260/mo. Return on cash invested sits at 17.81% in year one, and rental yield is 6.47% on a $789,950 entry. Equity gained on principal adds $5,097/yr, while 5% annual appreciation builds toward $218,249 over five years. Five-year ROI reaches 91.29% and total cumulative return in cash sums $237,248. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,260/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
6,150 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Albert D Clark • Real Residential
Mls Name: NWMLS
Mls ID: #2456926