1981 24th Avenue NE #204IssaquahWA98029
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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
Rental property for sale in Issaquah at 1981 24th Avenue NE #204, Issaquah, WA, 98029 generates $3,157/mo in rent and, after a $2,034/mo payment, leaves $659/mo in cash flow. Total monthly income is $3,157/mo, and annual cash flow is $7,908/yr on $137,738 invested. Return on cash invested sits at 25.65% in year one, and rental yield is 9.12% on a $415,500 entry. Equity gained on principal adds $2,681/yr, while 5% annual appreciation builds toward $114,795 over five years. Five-year ROI reaches 133.43% and total cumulative return in cash sums $183,778. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,157/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98029, Issaquah, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,549 (100%) |
| Owner Occupied HU | 7,976 (63.6%) |
| Renter Occupied HU | 4,152 (33.1%) |
| Vacant Housing Units | 421 ( 3.4%) |
| Median Home Value | $1,210,469 |
| Average Home Value | $1,266,674 |
Housing Distribution
Address Breakdown
Residential
12,623
Single Family
9,921
Multi-Family
2,702
Businesses
227
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Listed by: Amanda Rogel • Kelly Right RE of Seattle LLC
Mls Name: NWMLS
Mls ID: #2454344