3233 NE 12th Street #301RentonWA98056
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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 3233 NE 12th Street #301, Renton, WA, 98056 offers a 9.78% rental yield on a $284,000 purchase with $2,315/mo rent. Total monthly income registers $2,315/mo, and a $1,390/mo payment leaves $608/mo available for distribution. Annual cash flow reaches $7,294/yr on $94,146 to close, and return on cash invested stands at 27.66% in year one. Equity gained on principal adds $1,833/yr while 5% annual appreciation supports $78,464 over five years. Portfolio math shows five-year ROI at 144.16% and total cumulative return in cash at $135,725. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,315/mo property income against a $1,390/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
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: Kelland Clasen • Clasen Real Estate Advisors
Mls Name: NWMLS
Mls ID: #2448412