8618 118th Ave SENewcastleWA98056
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
Investment property for sale in Newcastle at 8618 118th Ave SE, Newcastle, WA, 98056 earns from $3,835/mo rent with a $7,342/mo payment. Total monthly income totals $3,835/mo. ROI tracks 7.57% on current figures, and rental yield reads 3.07% at a $1,500,000 purchase. Equity gained on principal adds $9,679/yr, and 5% annual appreciation supports $414,422 over five years. Five-year ROI reaches 36.36% and total cumulative return in cash sums $176,699. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,835/mo property income instead of your personal income.
Single Family
Built in N/A
1.44 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: FSBO-Online.com
Mls ID: #N/A