11307 241st Lane NE #73RedmondWA98053
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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 Redmond at 11307 241st Lane NE #73, Redmond, WA, 98053 earns from $3,884/mo rent with a $4,013/mo payment. Total monthly income totals $3,884/mo. ROI tracks 15.41% on current figures, and rental yield reads 5.68% at a $820,000 purchase. Equity gained on principal adds $5,291/yr, and 5% annual appreciation supports $226,551 over five years. Five-year ROI reaches 78.47% and total cumulative return in cash sums $211,703. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,884/mo property income instead of your personal income.
Townhouse
Built in 2014
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98053, Redmond, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,369 (100%) |
| Owner Occupied HU | 6,812 (81.4%) |
| Renter Occupied HU | 1,344 (16.1%) |
| Vacant Housing Units | 213 ( 2.5%) |
| Median Home Value | $1,322,124 |
| Average Home Value | $1,377,100 |
Housing Distribution
Address Breakdown
Residential
8,382
Single Family
6,371
Multi-Family
2,011
Businesses
134
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Listed by: Bradford W. Davis • KW Greater Seattle
Mls Name: NWMLS
Mls ID: #2456444