2244 132nd Ave SE #B-305BellevueWA98005
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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
Total monthly income runs $2,770/mo, and a $2,383/mo payment. Purchase price stands at $486,900, and rental yield measures 6.83% with $2,770/mo rent. Return on cash invested shows 18.74% in year one, and 5% annual appreciation builds toward $134,521 over five years. Five-year ROI reaches 96.37% and total cumulative return in cash records $155,555. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,770/mo property income covering a $2,383/mo payment rather than investor’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98005, Bellevue, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,888 (100%) |
| Owner Occupied HU | 4,488 (45.4%) |
| Renter Occupied HU | 4,551 (46.0%) |
| Vacant Housing Units | 849 ( 8.6%) |
| Median Home Value | $1,617,488 |
| Average Home Value | $1,602,594 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
5,144
Multi-Family
3,889
Businesses
1,504
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Listed by: Lan Kim • Kelly Right RE of Seattle LLC
Mls Name: NWMLS
Mls ID: #2464164