949 Aberdeen Avenue NE #C208RentonWA98056
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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 Renton at 949 Aberdeen Avenue NE #C208, Renton, WA, 98056 offers a 9.84% rental yield on a $296,900 purchase with $2,434/mo rent. Total monthly income registers $2,434/mo, and a $1,453/mo payment leaves $649/mo available for distribution. Annual cash flow reaches $7,794/yr on $98,422 to close, and return on cash invested stands at 27.83% in year one. Equity gained on principal adds $1,916/yr while 5% annual appreciation supports $82,028 over five years. Portfolio math shows five-year ROI at 145.09% and total cumulative return in cash at $142,799. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,434/mo property income against a $1,453/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1991
N/A 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: Jay Jimenez • Windermere Real Estate/HLC
Mls Name: NWMLS
Mls ID: #2414778