14510 124TH Avenue NE #C28KirklandWA98034
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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 14510 124TH Avenue NE #C28, Kirkland, WA, 98034 uses $132,583 cash to close to unlock $4,937/yr annual cash flow and $411/mo monthly cash flow. Total monthly income runs $2,816/mo, and a $1,958/mo payment keeps the spread at $411/mo. Purchase price stands at $399,950, and rental yield measures 8.45% with $2,816/mo rent. Return on cash invested shows 23.63% in year one, and 5% annual appreciation builds toward $110,499 over five years. Five-year ROI reaches 122.59% and total cumulative return in cash records $162,540. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,816/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Condo
Built in 1979
12.15 Acres 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: Ariel Sanchez • COMPASS
Mls Name: NWMLS
Mls ID: #2461423