12291 235th Place NERedmondWA98053
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
Rental property for sale in Redmond at 12291 235th Place NE, Redmond, WA, 98053 generates $4,484/mo in rent, after a $7,772/mo payment. Total monthly income is $4,484/mo. Return on cash invested sits at 8.57% in year one, and rental yield is 3.39% on a $1,588,000 entry. Equity gained on principal adds $10,247/yr, while 5% annual appreciation builds toward $438,735 over five years. Five-year ROI reaches 41.67% and total cumulative return in cash sums $214,396. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,484/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
5,588 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert E. Junglov • Home Team Real Estate
Mls Name: NWMLS
Mls ID: #2403112