5118 NE 3rd StreetRentonWA98059
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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 5118 NE 3rd Street, Renton, WA, 98059 offers a 7.02% rental yield on a $699,900 purchase with $4,093/mo rent. 46% in year one. Equity gained on principal adds $4,516/yr while 5% annual appreciation supports $193,369 over five years. Portfolio math shows five-year ROI at 100.19% and total cumulative return in cash at $230,708. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,093/mo property income against a $3,426/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98059, Renton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,478 (100%) |
| Owner Occupied HU | 10,502 (72.5%) |
| Renter Occupied HU | 3,477 (24.0%) |
| Vacant Housing Units | 499 ( 3.4%) |
| Median Home Value | $912,305 |
| Average Home Value | $1,023,454 |
Housing Distribution
Address Breakdown
Residential
15,245
Single Family
12,335
Multi-Family
2,910
Businesses
293
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Listed by: Michele Ohge • Kelly Right RE of Seattle LLC
Mls Name: NWMLS
Mls ID: #2460342