425 S 46th Place #ERentonWA98055
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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 425 S 46th Place #E, Renton, WA, 98055 generates $2,382/mo in rent, after a $2,031/mo payment. Total monthly income is $2,382/mo. Return on cash invested sits at 13.56% in year one, and rental yield is 6.89% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 70.49% and total cumulative return in cash sums $96,969. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,382/mo property income rather than buyer’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
$616 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98055, Renton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,226 (100%) |
| Owner Occupied HU | 5,055 (49.4%) |
| Renter Occupied HU | 4,774 (46.7%) |
| Vacant Housing Units | 397 ( 3.9%) |
| Median Home Value | $650,240 |
| Average Home Value | $741,298 |
Housing Distribution
Address Breakdown
Residential
9,899
Single Family
7,981
Multi-Family
1,918
Businesses
284
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Listed by: Adam Collier • John L. Scott, Inc
Mls Name: NWMLS
Mls Provider:
Mls ID: #2411731
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-28 21:29:36 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)