221 5th Ave S APT E303KirklandWA98033
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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 221 5th Ave S APT E303, Kirkland, WA, 98033 generates $5,287/mo in rent, after a $7,957/mo payment. Total monthly income is $5,287/mo. Return on cash invested sits at 8.44% in year one, and rental yield is 3.9% on a $1,625,600 entry. Equity gained on principal adds $10,490/yr, while 5% annual appreciation builds toward $449,123 over five years. Five-year ROI reaches 41.6% and total cumulative return in cash sums $219,097. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,287/mo property income rather than buyer’s personal income.
Condo
Built in 1997
3.22 Acres lot
$N/A/sqft
$753 monthly 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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