12221 94th Place NEKirklandWA98034
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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
Rental property for sale in Kirkland at 12221 94th Place NE, Kirkland, WA, 98034 generates $4,600/mo in rent, after a $5,359/mo payment. Total monthly income is $4,600/mo. Return on cash invested sits at 13.67% in year one, and rental yield is 5.04% on a $1,095,000 entry. Equity gained on principal adds $7,066/yr, while 5% annual appreciation builds toward $302,528 over five years. Five-year ROI reaches 69.04% and total cumulative return in cash sums $244,942. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,600/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
9,631 sqft 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: Benjamin Endicott • MacPherson's Real Estate Serv.
Mls Name: NWMLS
Mls ID: #2443803