511 Morris Avenue SRentonWA98057
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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 511 Morris Avenue S, Renton, WA, 98057 priced at $1,045,000 pairs $3,562/mo rent with after a $5,115/mo payment. Total monthly income equals $3,562/mo. Return on cash invested is 10.73% in year one, and rental yield stands at 4.09% on a $1,045,000 basis. Equity gained on principal adds $6,743/yr, and 5% annual appreciation accumulates to $288,714 by year five. Five-year ROI measures 53.29% and total cumulative return in cash reaches $180,440. For financing, Ziffy Mortgage’s DSCR program evaluates $3,562/mo property income against a $5,115/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
4,800 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
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Listed by: Roman Shulyak • Kronos Real Estate
Mls Name: NWMLS
Mls ID: #2460518