12315 NE 97th St APT DKirklandWA98033
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 12315 NE 97th St APT D, Kirkland, WA, 98033 offers a 7.46% rental yield on a $494,300 purchase with $3,074/mo rent. Total monthly income registers $3,074/mo, and a $2,419/mo payment leaves $103/mo available for distribution. Annual cash flow reaches $1,236/yr on $163,860 to close, and return on cash invested stands at 20.66% in year one. Equity gained on principal adds $3,190/yr while 5% annual appreciation supports $136,566 over five years. Portfolio math shows five-year ROI at 106.68% and total cumulative return in cash at $174,798. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,074/mo property income against a $2,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98033, Kirkland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,409 (100%) |
| Owner Occupied HU | 11,083 (57.1%) |
| Renter Occupied HU | 7,199 (37.1%) |
| Vacant Housing Units | 1,127 ( 5.8%) |
| Median Home Value | $1,558,706 |
| Average Home Value | $1,558,011 |
Housing Distribution
Address Breakdown
Residential
18,719
Single Family
12,960
Multi-Family
5,759
Businesses
1,247
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A