762 Ilwaco Place NERentonWA98059
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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
Rental property for sale in Renton at 762 Ilwaco Place NE, Renton, WA, 98059 offers $5,468/mo rent that, after a $6,206/mo payment. Total monthly income is $5,468/mo. Return on cash invested measures 14.08% in year one, and rental yield stands at 5.17% at a $1,268,000 entry. Equity gained on principal adds $8,182/yr while 5% annual appreciation compounds into $350,325 by year five. Five-year ROI records 71.24% and total cumulative return in cash reaches $292,693. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,468/mo property income versus a $6,206/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
6,926 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
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Listed by: Stanley Lam • HERE
Mls Name: NWMLS
Mls ID: #2424889