11920 98th Avenue NEKirklandWA98034
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 Kirkland at 11920 98th Avenue NE, Kirkland, WA, 98034 offers a 8.14% rental yield on a $378,000 purchase with $2,564/mo rent. Total monthly income registers $2,564/mo, and a $1,850/mo payment leaves $292/mo available for distribution. Annual cash flow reaches $3,503/yr on $125,307 to close, and return on cash invested stands at 22.7% in year one. Equity gained on principal adds $2,439/yr while 5% annual appreciation supports $104,434 over five years. Portfolio math shows five-year ROI at 117.6% and total cumulative return in cash at $147,357. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,564/mo property income against a $1,850/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: 98034, Kirkland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,504 (100%) |
| Owner Occupied HU | 13,264 (56.4%) |
| Renter Occupied HU | 9,398 (40.0%) |
| Vacant Housing Units | 842 ( 3.6%) |
| Median Home Value | $961,870 |
| Average Home Value | $1,097,077 |
Housing Distribution
Address Breakdown
Residential
23,138
Single Family
15,686
Multi-Family
7,452
Businesses
964
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph Loutsis • Windermere R.E. Northeast, Inc
Mls Name: NWMLS
Mls ID: #2412572