15535 NE 62nd CourtRedmondWA98052
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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 Redmond at 15535 NE 62nd Court, Redmond, WA, 98052 earns from $5,666/mo rent with a $8,247/mo payment. Total monthly income totals $5,666/mo. ROI tracks 10.56% on current figures, and rental yield reads 4.04% at a $1,685,000 purchase. Equity gained on principal adds $10,873/yr, and 5% annual appreciation supports $465,534 over five years. Five-year ROI reaches 52.38% and total cumulative return in cash sums $285,950. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,666/mo property income instead of your personal income.
Single Family
Built in 2000
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98052, Redmond, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 37,349 (100%) |
| Owner Occupied HU | 14,586 (39.1%) |
| Renter Occupied HU | 20,185 (54.0%) |
| Vacant Housing Units | 2,578 ( 6.9%) |
| Median Home Value | $1,234,442 |
| Average Home Value | $1,284,554 |
Housing Distribution
Address Breakdown
Residential
34,398
Single Family
22,382
Multi-Family
12,016
Businesses
1,801
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Listed by: Julie K Clark • eXp Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2374957
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-28 04:14:41 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)