12010 98th Avenue NE #107KirklandWA98034
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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 Kirkland at 12010 98th Avenue NE #107, Kirkland, WA, 98034 listed at $500,000 pairs $3,007/mo rent with a $2,447/mo payment to leave $2/mo cash flow. Total monthly income runs $3,007/mo, and annual cash flow reaches $20/yr on $165,750 cash to close. Return on cash invested measures 19.92% in year one, and rental yield registers 7.22% at a $500,000 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 102.67% and total cumulative return in cash totals $170,180. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,007/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
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
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Listed by: Becca L. Locke • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2423680