305 Meadow Avenue NRentonWA98057
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
Investment property for sale in Renton at 305 Meadow Avenue N, Renton, WA, 98057 offers a 6.92% rental yield on a $793,000 purchase with $4,570/mo rent. 16% in year one. Equity gained on principal adds $5,117/yr while 5% annual appreciation supports $219,091 over five years. Portfolio math shows five-year ROI at 98.54% and total cumulative return in cash at $257,082. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,570/mo property income against a $3,881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1922
4,120 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98057, Renton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,641 (100%) |
| Owner Occupied HU | 1,763 (23.1%) |
| Renter Occupied HU | 5,499 (72.0%) |
| Vacant Housing Units | 379 ( 5.0%) |
| Median Home Value | $662,804 |
| Average Home Value | $754,915 |
Housing Distribution
Address Breakdown
Residential
6,481
Single Family
3,968
Multi-Family
2,513
Businesses
1,737
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mihail Gutu • Aqua
Mls Name: NWMLS
Mls ID: #2458696