701 Harrington Place SE #1136RentonWA98058
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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 701 Harrington Place SE #1136, Renton, WA, 98058 uses $129,285 cash to close to unlock $3,402/yr annual cash flow and $284/mo monthly cash flow. Total monthly income runs $2,628/mo, and a $1,909/mo payment keeps the spread at $284/mo. Purchase price stands at $390,000, and rental yield measures 8.09% with $2,628/mo rent. Return on cash invested shows 22.54% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 116.73% and total cumulative return in cash records $150,920. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,628/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98058, Renton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,386 (100%) |
| Owner Occupied HU | 11,608 (70.8%) |
| Renter Occupied HU | 4,425 (27.0%) |
| Vacant Housing Units | 353 ( 2.2%) |
| Median Home Value | $678,214 |
| Average Home Value | $781,202 |
Housing Distribution
Address Breakdown
Residential
16,284
Single Family
14,090
Multi-Family
2,194
Businesses
498
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Listed by: Nick Martyn • Better Properties Eastside
Mls Name: NWMLS
Mls ID: #2448998