7030 123rd Avenue SENewcastleWA98056
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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
Total monthly income runs $3,398/mo, and a $4,405/mo payment. Purchase price stands at $899,995, and rental yield measures 4.53% with $3,398/mo rent. Return on cash invested shows 11.91% in year one, and 5% annual appreciation builds toward $248,652 over five years. Five-year ROI reaches 59.65% and total cumulative return in cash records $176,614. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,398/mo property income covering a $4,405/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98056, Renton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,912 (100%) |
| Owner Occupied HU | 8,529 (53.6%) |
| Renter Occupied HU | 6,624 (41.6%) |
| Vacant Housing Units | 759 ( 4.8%) |
| Median Home Value | $841,140 |
| Average Home Value | $972,810 |
Housing Distribution
Address Breakdown
Residential
14,728
Single Family
10,816
Multi-Family
3,912
Businesses
695
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Listed by: Gagan Deep Singh • John L. Scott, Inc
Mls Name: NWMLS
Mls ID: #2418872