12323 NE 97th St #EKirklandWA98033
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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 12323 NE 97th St #E, Kirkland, WA, 98033 uses $162,402 cash to close to unlock $3,383/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $3,227/mo, and a $2,398/mo payment keeps the spread at $282/mo. Purchase price stands at $489,900, and rental yield measures 7.9% with $3,227/mo rent. Return on cash invested shows 21.99% in year one, and 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 113.77% and total cumulative return in cash records $184,769. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,227/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Condo
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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Listed by: Xueshan Larson • Kelly Right RE of Seattle LLC
Mls Name: NWMLS
Mls ID: #2411967