18901 61 Avenue NEKenmoreWA98028
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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 Kenmore at 18901 61 Avenue NE, Kenmore, WA, 98028 listed at $1,377,500 pairs $2,850/mo rent with a $6,742/mo payment. Total monthly income runs $2,850/mo. Return on cash invested measures 5.77% in year one, and rental yield registers 2.48% at a $1,377,500 basis. Equity gained on principal adds $8,889/yr, and annual property appreciation at 5% supports $380,578 by year five. Five-year ROI tracks 26.68% and total cumulative return in cash totals $119,075. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,850/mo property income relative to a $6,742/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98028, Kenmore, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,667 (100%) |
| Owner Occupied HU | 6,628 (68.6%) |
| Renter Occupied HU | 2,796 (28.9%) |
| Vacant Housing Units | 243 ( 2.5%) |
| Median Home Value | $944,853 |
| Average Home Value | $1,082,892 |
Housing Distribution
Address Breakdown
Residential
9,727
Single Family
7,739
Multi-Family
1,988
Businesses
501
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Listed by: Andrew Cromarty • Windermere Real Estate/HLC
Mls Name: NWMLS
Mls ID: #2457734