801 Rainier Avenue N #G-137RentonWA98057
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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 801 Rainier Avenue N #G-137, Renton, WA, 98057 generates $2,353/mo in rent and, after a $1,542/mo payment, leaves $459/mo in cash flow. Total monthly income is $2,353/mo, and annual cash flow is $5,512/yr on $104,406 invested. Return on cash invested sits at 25.19% in year one, and rental yield is 8.97% on a $314,950 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation builds toward $87,015 over five years. Five-year ROI reaches 130.95% and total cumulative return in cash sums $136,718. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,353/mo property income rather than buyer’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98057, Renton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,641 (100%) |
| Owner Occupied HU | 1,763 (23.1%) |
| Renter Occupied HU | 5,499 (72.0%) |
| Vacant Housing Units | 379 ( 5.0%) |
| Median Home Value | $662,804 |
| Average Home Value | $754,915 |
Housing Distribution
Address Breakdown
Residential
6,481
Single Family
3,968
Multi-Family
2,513
Businesses
1,737
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Listed by: James K Myers • RE/MAX All City
Mls Name: NWMLS
Mls ID: #2435114