313 Glennwood Court SERentonWA98056
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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
Rental property for sale in Renton at 313 Glennwood Court SE, Renton, WA, 98056 priced at $1,100,000 converts $5,442/mo rent into after a $5,384/mo obligation. Total monthly income equals $5,442/mo. Return on cash invested prints 16.43% in year one, and rental yield reads 5.94% against a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation compiles into $303,910 by year five. Five-year ROI reaches 83.85% and total cumulative return in cash sums $298,831. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,442/mo property income covering a $5,384/mo payment, not borrower’s personal income.
Single Family
Built in 2003
7,583 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: Cory Thompson • eXp Realty
Mls Name: NWMLS
Mls ID: #2454535