601 Shattuck 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
Investment property for sale in Renton at 601 Shattuck Avenue S, Renton, WA, 98057 uses $189,159 cash to close to unlock $3,180/yr annual cash flow and $265/mo monthly cash flow. Total monthly income runs $3,721/mo, and a $2,814/mo payment keeps the spread at $265/mo. Purchase price stands at $574,950, and rental yield measures 7.77% with $3,721/mo rent. Return on cash invested shows 21.74% in year one, and 5% annual appreciation builds toward $158,848 over five years. Five-year ROI reaches 112.39% and total cumulative return in cash records $212,599. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,721/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Single Family
Built in 1949
5,998 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: Paul F. Mackay Jr • John L. Scott, Inc
Mls Name: NWMLS
Mls ID: #2438549