201 2nd Street S #103KirklandWA98033
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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 Kirkland at 201 2nd Street S #103, Kirkland, WA, 98033 generates $2,395/mo in rent, after a $2,344/mo payment. Total monthly income is $2,395/mo. Return on cash invested sits at 16.25% in year one, and rental yield is 6% on a $479,000 entry. Equity gained on principal adds $3,091/yr, while 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 83.02% and total cumulative return in cash sums $131,823. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,395/mo property income rather than buyer’s personal income.
Condo
Built in 1962
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98033, Kirkland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,409 (100%) |
| Owner Occupied HU | 11,083 (57.1%) |
| Renter Occupied HU | 7,199 (37.1%) |
| Vacant Housing Units | 1,127 ( 5.8%) |
| Median Home Value | $1,558,706 |
| Average Home Value | $1,558,011 |
Housing Distribution
Address Breakdown
Residential
18,719
Single Family
12,960
Multi-Family
5,759
Businesses
1,247
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Listed by: Art H. Whittlesey • Windermere Real Estate/East
Mls Name: NWMLS
Mls ID: #2469385