7453 Newcastle Golf Club Road #M103NewcastleWA98059
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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 Newcastle at 7453 Newcastle Golf Club Road #M103, Newcastle, WA, 98059 listed at $289,950 pairs $2,002/mo rent with a $1,419/mo payment to leave $259/mo cash flow. Total monthly income runs $2,002/mo, and annual cash flow reaches $3,111/yr on $96,118 cash to close. Return on cash invested measures 23.15% in year one, and rental yield registers 8.29% at a $289,950 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,108 by year five. Five-year ROI tracks 120% and total cumulative return in cash totals $115,345. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,002/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1991
N/A 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
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Listed by: Abbey Beal • Redfin
Mls Name: NWMLS
Mls ID: #2435976