219 Sixth Street SKirklandWA98033
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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 219 Sixth Street S, Kirkland, WA, 98033 priced at $1,995,000 converts $8,006/mo rent into after a $9,765/mo obligation. Total monthly income equals $8,006/mo. Return on cash invested prints 12.97% in year one, and rental yield reads 4.82% against a $1,995,000 entry. Equity gained on principal adds $12,873/yr, while 5% annual appreciation compiles into $551,182 by year five. Five-year ROI reaches 65.29% and total cumulative return in cash sums $422,001. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,006/mo property income covering a $9,765/mo payment, not borrower’s personal income.
Condo
Built in 2007
N/A 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: Terry Allen • Coldwell Banker Bain
Mls Name: NWMLS
Mls ID: #2419078