12415 235th Place NERedmondWA98053
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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
Total monthly income runs $4,884/mo, and a $7,323/mo payment. Purchase price stands at $1,496,250, and rental yield measures 3.92% with $4,884/mo rent. Return on cash invested shows 10.2% in year one, and 5% annual appreciation builds toward $413,386 over five years. Five-year ROI reaches 50.43% and total cumulative return in cash records $244,474. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,884/mo property income covering a $7,323/mo payment rather than investor’s personal income.
Single Family
Built in 2002
5,789 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
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Listed by: Andrea Holmqvist • Windermere Real Estate/East
Mls Name: NWMLS
Mls ID: #2444071