1100 106th Avenue NE #508BellevueWA98004
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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 Bellevue at 1100 106th Avenue NE #508, Bellevue, WA, 98004 offers a 7.62% rental yield on a $359,000 purchase with $2,281/mo rent. Total monthly income registers $2,281/mo, and a $1,757/mo payment leaves $123/mo available for distribution. Annual cash flow reaches $1,477/yr on $119,009 to close, and return on cash invested stands at 21.15% in year one. Equity gained on principal adds $2,317/yr while 5% annual appreciation supports $99,185 over five years. Portfolio math shows five-year ROI at 109.29% and total cumulative return in cash at $130,063. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,281/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98004, Bellevue, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,461 (100%) |
| Owner Occupied HU | 7,846 (36.6%) |
| Renter Occupied HU | 11,834 (55.1%) |
| Vacant Housing Units | 1,781 ( 8.3%) |
| Median Home Value | $1,796,462 |
| Average Home Value | $1,664,064 |
Housing Distribution
Address Breakdown
Residential
20,083
Single Family
7,323
Multi-Family
12,760
Businesses
2,280
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Listed by: Christi Sheridan-Cisler • John L. Scott, Inc.
Mls Name: NWMLS
Mls ID: #2440555