7109 135th Pl SENewcastleWA98059
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newcastle at 7109 135th Pl SE, Newcastle, WA, 98059 generates $5,030/mo in rent, after a $8,210/mo payment. Total monthly income is $5,030/mo. Return on cash invested sits at 9.21% in year one, and rental yield is 3.6% on a $1,677,400 entry. Equity gained on principal adds $10,824/yr, while 5% annual appreciation builds toward $463,435 over five years. Five-year ROI reaches 45.14% and total cumulative return in cash sums $245,332. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,030/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: John L Scott Real Estate
Mls ID: #2389976