16932 NE 2nd PlaceBellevueWA98008
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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 Bellevue at 16932 NE 2nd Place, Bellevue, WA, 98008 offers a 6.39% rental yield on a $735,000 purchase with $3,916/mo rent. 57% in year one. Equity gained on principal adds $4,743/yr while 5% annual appreciation supports $203,067 over five years. Portfolio math shows five-year ROI at 90.04% and total cumulative return in cash at $217,740. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,916/mo property income against a $3,597/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1967
1,054 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98008, Bellevue, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,880 (100%) |
| Owner Occupied HU | 6,384 (64.6%) |
| Renter Occupied HU | 3,156 (31.9%) |
| Vacant Housing Units | 340 ( 3.4%) |
| Median Home Value | $1,244,681 |
| Average Home Value | $1,342,949 |
Housing Distribution
Address Breakdown
Residential
9,642
Single Family
8,367
Multi-Family
1,275
Businesses
523
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Listed by: Miao Sui • Windermere Real Estate/M2, LLC
Mls Name: NWMLS
Mls ID: #2403205