7320 111th Place 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 $4,247/mo, and a $6,847/mo payment. Purchase price stands at $1,399,000, and rental yield measures 3.64% with $4,247/mo rent. Return on cash invested shows 9.35% in year one, and 5% annual appreciation builds toward $386,518 over five years. Five-year ROI reaches 45.89% and total cumulative return in cash records $207,989. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,247/mo property income covering a $6,847/mo payment rather than investor’s personal income.
Single Family
Built in 2006
6,904 sqft 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: Inesa Dita • COMPASS
Mls Name: NWMLS
Mls ID: #2472666