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39
Value up to $1.4M; Rent at $5,230
Updated 10 days ago • 6 new comps
Your Investment Paths
Turnkey Rental
This property shows promising rental potential in a competitive market. Based on recent area data, you can expect a monthly income ranging from 4,478 to 5,230 dollars, providing a steady stream of consistent rental revenue. With an estimated annual yield of 1.86 percent, this investment is a solid, stable choice for your portfolio. The current market rates align well with the property's features, making it a reliable candidate for long-term growth.
More about this home
Neighborhood Assessment
Renton’s 98056 neighborhood shines with top-tier schools like 10/10-rated Hazelwood Elementary just 0.8 miles away, plus strong middle and high schools nearby. You’ve got unbeatable waterfront perks—70’ no-bank Lake Washington access, mountain and city views, dock, and rooftop deck—making this rare. Comps on Ripley Ln show solid values from $2M-$5M+, with quick access to Bellevue, Sea-Tac, and I-405. It’s a quiet, upscale spot with steady appreciation. Walkability’s decent for lakefront living, though car-dependent for daily errands. Recent tax-assessed value jumped to $3.5M, matching Zestimate ~$3.1M for this 3,240 sqft home. Flood risk is high (extreme per data), but minimal fire/wind issues—factor that into insurance.
Market Activity
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Rental Income
$58K
Yield
1.9%
Year 1 Estimates
Fix-and-Flip
Modernizing a home creates a fresh, inviting atmosphere that draws in buyers seeking move-in readiness. While the price per square foot remains competitive at roughly $634 compared to the $663 baseline, renovations significantly boost lifestyle appeal. Updating your 1969 property adds character and comfort, helping it shine in a crowded market. This approach captures strong rental interest and creates a desirable living space that stands out, ensuring long-term satisfaction and pride of ownership.
Comps
8
Buy-Rehab-Rent
This property offers a post-renovation value between $1,926,000 and $2,128,000. While the renovation strategy aligns with local market standards, the current price-per-square-foot data suggests a limited margin for significant upside through standard value-add improvements. Projected annual rental income of $69,864 delivers a modest 3.4% yield. Given the high entry price in this market, this investment functions better as a long-term appreciation play than a high-cash-flow BRR opportunity.
Rental Income
$70K
Yield
3.4%
Year 1 Estimates, Post Typical Renovation
Estimated value
$3.1M
$1.7M over comp median
Comparative Market Analysis
$960K – $2.3M
~48 days to sell
Based on 8 comps
6417 Ripley Ln SE, Renton Investment Report: Flip & Rental Analysis · Frontflip