12719 NE 116th Street #E302KirklandWA98034
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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 12719 NE 116th Street #E302, Kirkland, WA, 98034 listed at $465,000 pairs $2,610/mo rent with a $2,276/mo payment. Total monthly income runs $2,610/mo. Return on cash invested measures 18.47% in year one, and rental yield registers 6.74% at a $465,000 basis. Equity gained on principal adds $3,001/yr, and annual property appreciation at 5% supports $128,471 by year five. Five-year ROI tracks 94.87% and total cumulative return in cash totals $146,243. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,610/mo property income relative to a $2,276/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
N/A 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: Nicholas Kussman • Real Broker LLC
Mls Name: NWMLS
Mls ID: #2440851